The supply chain for battery-grade materials includes sourcing raw materials, processing them into battery components, and manufacturing cells and packs. Cathode material selection is a key factor, representing over half the cost of a battery cell. As of 2024, China leads in mined production, refining capacity, and holds over 85% of global cell manufacturing capacity. The United States has substantial cell and OEM manufacturing capacity but relies on imported battery materials, creating supply security and cost challenges. Stardust Power aims to develop one of the largest battery-grade lithium refineries in North America to mitigate these issues, utilizing government incentives and investments.
Stardust Power Inc's Comment on Supply Chain
The supply chain for battery-grade materials includes sourcing raw materials, processing them into battery components, and manufacturing cells and packs. Cathode material selection is a key factor, representing over half the cost of a battery cell. As of 2024, China leads in mined production, refining capacity, and holds over 85% of global cell manufacturing capacity. The United States has substantial cell and OEM manufacturing capacity but relies on imported battery materials, creating supply security and cost challenges. Stardust Power aims to develop one of the largest battery-grade lithium refineries in North America to mitigate these issues, utilizing government incentives and investments.
Sources:
Stardust Power Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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