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Ranked: The Fastest-Growing Battery Materials Since 2020
Battery production has expanded rapidly over the last five years, driving major increases in demand for critical minerals and refined materials. This visualization shows how global supply of key battery materials changed between 2020 and 2025, based on data from Benchmark Intelligence. It also highlights how the rise of lithium iron phosphate (LFP) batteries is reshaping which materials matter most across the EV supply chain. Lithium has seen the most dramatic growth of any battery material. Production surged from 395 kilotonnes in 2020 to 1,500 kilotonnes in 2025, a nearly fourfold increase. table The rapid ... (full story)