North America's battery raw materials supply chain is undergoing a fundamental transformation, driven by the need to reduce import dependence, particularly from China, and build a resilient domestic ecosystem. The region is heavily reliant on imports for critical minerals like lithium, cobalt, nickel, and graphite. To address this, the U.S. government has implemented the Inflation Reduction Act and the Defense Production Act to boost domestic mining, processing, and recycling of battery minerals. The DOE has also invested billions of dollars in battery material supply chain projects.

Supply Chain: North America Battery Supply Chain Report

The U.S. has 47 battery-related projects under construction or expansion, representing an estimated $102 billion investment . In July 2023, Umicore acquired a North American battery recycling company to ensure sustainable sourcing and recycling of battery materials [citation:MRFR]. Koch Industries continues to explore opportunities in the lithium market, while Brookfield Renewable Partners is investing in renewable energy projects that support battery production [citation:MRFR]. The approval process for new mining projects can be lengthy, creating a bottleneck for supply chain growth. However, the focus on localizing the supply chain is a significant trend, with companies exploring alternative sources of critical minerals, such as recycled materials and deep-sea mining. The lithium-ion segment is projected to witness a notable shift from China-based cathode and anode production as North American capacities expand . By 2035, North America aims to have a more self-reliant battery supply chain, though success will depend on effective policy implementation and industry collaboration.

Get More Insights: North America Battery Material Market Report

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