Top 5 NCA ternary material manufacturers in the world

Top 5 NCA ternary material manufacturers in the world

Sumitomo Metal Mining

Company profile:
Sumitomo Metal Mining Co., Ltd. is a Japan-based company mainly engaged in the development of resources and the manufacture and sale of non-ferrous mettal products, semiconductor and functional materials. The company has three business segments. Sumitomo Metal Mining Co., Ltd. engages in the mining business. It opthrough the following segments: Mineral Resources, Smelting and Refining, Materials, and Others.

In top 5 NCA ternary material manufacturers in the world, Sumitomo major supplies to famous 18650 battery manufacturer Panasonic and PEVE. The company, which supplies the nickel-cobalt-aluminum (NCA) cathode materials for the Panasonic lithium-ion batteries used in Tesla EVs, is building a plant in Niihama, western Japan, to boost its monthly cathode production by 2,000 tonnes by March 2026 from 5,000 tonnes now.

Total market value: 1.55 trillion JPY
Company website: https://www.smm.co.jp/en/

Toda Kogyo

Company profile:
TODA KOGYO CORP. manufactures iron oxide products including magnetic powder, ferrite, and coloring materials. The company’s main product is used as raw material for audio and video tapes, and floppy disks. Toda Kogyo has sales subsidiaries in US and Germany. BASF and Toda Kogyo announced formal finalization of lithium-ion cathode joint venture “BASF TODA Battery Materials LLC” in Japan.

The agreement on establishing such a company was signed in 2014 with a goal of annual combined production capacity for cathode active materials and their precursors of approximately 18,000 metric tons. This is mass scale. BASF and Toda Kogyo will be flexible to battery manufacturers offering NCA (Nickel Cobalt Aluminum Oxide), LMO (Lithium Manganese Oxide) and NCM (Nickel Cobalt Manganese). Toda in top 5 NCA ternary material manufacturers in the world mainly supplies AESC of Japan and LGC of South Korea.

Total market value: 15.49 billion JPY
Company website: https://www.todakogyo.co.jp/

Fangyuan

Company profile:
Guangdong Fangyuan Environmental Protection Co., Ltd. is mainly engaged in the research and development, production and sales of lithium battery ternary cathode material precursors and nickel battery cathode materials. The products are mainly used in the manufacture of lithium batteries and nickel batteries, and are ultimately used in the fields of new energy vehicle power batteries, electric tools, energy storage equipment and electronic products.

The company is one of the NCA ternary precursors for lithium batteries in China also is one of the leading top 5 NCA ternary material manufacturers in the world. Based on the comprehensive utilization of non-ferrous metal resources, with modern separation technology and functional material preparation technology as the core, the production of NCA, NCM precursors and spherical nickel hydroxide, a cathode material for nickel batteries, the main product is NCA ternary cathode material precursor for high-end electric vehicles. As of the end of 2020, the company has 41 patents and has won 4 Jiangmen Science and Technology Awards.

Total market value: 8.14 billion RMB
Company website: http://www.fyhbchina.com/

Ecopro

Company profile:
As one of the top 5 NCA ternary material manufacturers in the world, ECOPRO BM, which was spun off from its parent company ECOPRO in May 2016 by means of physical division for specialization in cathode materials, is a company which leads the high volume cathode material market at home and abroad based on its success in developing and mass-producing high-nickel cathode materials for the first time in Korea.

Based on the infinite future growth potential of lithium ion secondary cells, such as electric vehicles (EV), electric energy storage systems (ESS), uninterruptible power supply (UPS lithium battery), smart grids, and ones for aerospace, medical and military purposes. ECOPRO customized NCA modeling according to the needs of customer companies.

Total market value: 10.20 trillion KRW
Company website: https://www.ecoprobm.co.kr/

GSEM

Company profile:
GSEM Co.,Ltd. is a company based in South Korea, with its head office in Seoul. The enterprise operates in the Electrical Equipment, Appliance, and Component Manufacturing industry. The enterprise was incorporated on September 21, 2000. GSEM Co., Ltd. manufactures and sells materials for lithium rechargeable batteries. GSEM also is one of the top 5 NCA ternary material manufacturers in the world, supply a small amount of NCA ternary material products.

Company website: http://www.gsem.co.kr/