Portable energy storage lithium battery foreign trade

Are lithium-ion batteries a strategic resource?

This article explores the geopolitical relations and interdependencies emerging in the lithium extraction and manufacturing of lithium-ion batteries. It discusses the characteristics of the lithium-ion battery supply value chain to argue that lithium is not just a strategic resource.

Which countries import lithium-ion batteries in 2022?

Poland, Japan and Germany each accounted for between 1% and 2% of U.S. lithium-ion battery imports in the 2022 fourth quarter. Panjiva is the supply chain research unit of S&P Global Market Intelligence, a division of S&P Global Inc.

How does US trade policy affect lithium-ion battery production & deployment?

Gaps in U.S. trade policy also drive up the costs of LIB production and deployment in the United States, as well as the manufacturing and deployment costs of key LIB-powered products. Current U.S. most-favored nation (MFN) rates for lithium-ion battery products still impose barriers on the ability to procure these goods.

How can the US secure the lithium-ion supply chain?

Identifying friendshoring partners—instead of simply supporting onshoring policies—should be a critical part of the U.S. drive to secure the lithium-ion supply chain. These partners will help the country more efficiently acquire the inputs it needs to strengthen its domestic manufacturing capabilities while diversifying away from China’s dominance.

Could Li-Bridge help a lithium-powered future?

To help plot a course toward a lithium-powered future, the Department of Energy created Li-Bridge, a public-private alliance managed by Argonne National Laboratory to accelerate the development of the domestic lithium battery supply chain. Li-Bridge recently released an action plan to develop the U.S.’s lithium battery supply chain.

What sectors are destined for lithium-ion batteries?

In short, the sectors for which lithium-ion batteries are destined hold tremendous importance. Chief among them are solar panels, emergency power backup systems, EVs, and consumer technology. The lithium-ion battery is becoming a ubiquitous input for several goods critical to the U.S. economy.