EV / Battery Supply Chain
Renewables · Active
· Materials
Latest report
2026-05-01 14:09
Producers of lithium, cobalt, nickel, rare earth elements, cathode materials, and other EV battery raw materials.
Pool
82
Industries
5
Cohort
22
Cohort MCap
31.1B
Layers
5
Topology Rationale
The EV / battery supply-chain theme is organized around a core extractive base that produces lithium, nickel, cobalt, rare earths and other critical minerals, with value then moving through refining and specialty materials into battery and EV hardware. Supporting this chain are process chemicals and industrial inputs upstream, plus testing and production-enablement tools adjacent to scaling and qualification, while a large share of the provided ticker pool does not actually touch battery materials despite noisy industry classification.
Value-Chain Layers
1
Critical Mineral Extraction & Resource Development
Mining and resource-development companies that produce or are developing lithium, nickel, rare earths and other battery-relevant minerals that form the raw-material base of the EV supply chain.
14 companies
| Company | Role | Market Cap | |
|---|---|---|---|
|
BHP Group Limited
|
diversified miner with nickel and copper exposure
Basic Materials
|
195.8B | — |
|
Rio Tinto ADR
|
major miner with lithium and critical minerals interests
Basic Materials
|
156.9B | — |
|
Teck Resources Ltd Class B
|
base-metals miner supplying battery-linked metals
Basic Materials
|
27.6B | — |
|
MP Materials Corp
MP
FY2025
|
rare-earth miner and processor for magnet materials
Basic Materials
|
10.9B | — |
|
USA Rare Earth, Inc.
USAR
Q4-2025
|
rare-earth resource developer tied to EV magnets
Basic Materials
|
4.8B | — |
|
TMC the metals company Inc
TMC
FY2025
|
polymetallic nodule developer targeting nickel/cobalt supply
Basic Materials
|
2.7B | — |
|
Sigma Lithium Resources Corp
|
lithium producer/developer
Basic Materials
|
2.4B | — |
|
Energy Fuels Inc
UUUU
Q4-FY2025
|
critical minerals and rare-earth processing exposure
Energy
|
4.9B | — |
|
Materion Corporation
MTRN
Q1-2026
|
advanced materials company with beryllium and specialty metal inputs
Basic Materials
|
3.6B | — |
|
Nexa Resources SA
|
base-metals miner with copper/zinc critical materials exposure
Basic Materials
|
1.9B | — |
|
Sayona Mining Limited American Depository Shares
|
lithium mining and development exposure
Basic Materials
|
1.8B | — |
|
Lithium Americas Corp
LAC
FY2025
|
Thacker Pass lithium project developer
Basic Materials
|
1.7B | — |
|
Lithium Argentina AG
|
Argentina-focused lithium producer/developer
Basic Materials
|
1.6B | — |
|
Critical Metals Corp. Ordinary Shares
|
critical-minerals development platform
Basic Materials
|
1.5B | — |
2
Battery-Grade Refining, Conversion & Functional Materials
Companies converting mined feedstocks into battery chemicals, rare-earth intermediates, or specialty functional materials used directly in cells, separators, coatings and related battery components.
11 companies
| Company | Role | Market Cap | Revenue ($M) | Net Income ($M) | Free Cash Flow ($M) | Capex ($M) | Net Debt ($M) | Gross Margin (%) |
|---|---|---|---|---|---|---|---|---|
|
Albemarle Corp
ALB
FY2025
|
energy storage segment produces lithium chemicals
Basic Materials
|
22.5B | 5,143 | -511 | 692 | 590 | — | — |
|
Solstice Advanced Materials, Inc
SOLS
Q4-2025
|
electronic specialty materials can serve battery-material processing
Basic Materials
|
12.2B | 987 | 41 | — | 408 | 1,438 | — |
|
Element Solutions Inc
ESI
Q1-2026
|
electronics chemicals and surface-treatment materials
Basic Materials
|
10.4B | 840 | 56 | -74 | 25 | 1,994 | 38.4% |
|
Eastman Chemical Company
EMN
FY2025
|
advanced materials and intermediates used in specialty applications
Basic Materials
|
8.1B | 8,752 | 474 | 424 | 546 | 4,221 | 21.1% |
|
SOLSV
|
specialty materials platform plausibly tied to advanced material conversion
None
|
7.8B | — | — | — | — | — | — |
|
Celanese Corporation
CE
FY2025
|
engineered materials and acetyl chain chemistry
Basic Materials
|
7.3B | 9,544 | -1,165 | 773 | — | — | 20.4% |
|
Chemours Co
CC
FY2025
|
advanced materials and performance solutions chemistry
Basic Materials
|
4.0B | 5,808 | -386 | 51 | 213 | 3,512 | — |
|
Avient Corp
AVNT
FY2025
|
specialty engineered materials for industrial components
Basic Materials
|
3.3B | 3,260 | 82 | 195 | 107 | — | 31.1% |
|
Ingevity Corp
NGVT
FY2025
|
engineered polymers and carbon materials relevant to batteries
Basic Materials
|
2.6B | 1,289 | -167 | 274 | 58 | 1,049 | — |
|
Huntsman Corporation
HUN
Q4-2025
|
advanced materials and performance products chemistry
Basic Materials
|
2.3B | 1,355 | -96 | 20 | 57 | 1,582 | — |
|
Minerals Technologies Inc
MTX
Q4-FY2025
|
specialty mineral-based materials processing
Basic Materials
|
2.2B | 520 | 37 | — | — | — | — |
3
Process Chemicals, Reagents & Industrial Inputs
Suppliers of commodity and specialty chemicals, additives, carbon materials, adhesives and operating inputs used in mineral extraction, leaching, purification and manufacturing environments.
13 companies
| Company | Role | Market Cap | Revenue ($M) | Net Income ($M) | Capex ($M) | Operating Cash Flow ($M) | Gross Margin (%) | Net Debt ($M) |
|---|---|---|---|---|---|---|---|---|
|
Dow Inc
DOW
Q1-2026
|
industrial intermediates and process chemicals supplier
Basic Materials
|
28.5B | 9,794 | -445 | 503 | 1,124 | — | — |
|
LyondellBasell Industries NV
LYB
Q1-2026
|
petrochemical feedstocks and industrial materials
Basic Materials
|
23.7B | 7,197 | 125 | 269 | -269 | — | — |
|
Westlake Chemical Corporation
WLK
FY2025
|
commodity chemicals and intermediates input provider
Basic Materials
|
14.3B | 11,170 | -1,508 | 995 | 465 | 7.3% | — |
|
Methanex Corporation
|
methanol feedstock for industrial chemical chains
Basic Materials
|
5.1B | — | — | — | — | — | — |
|
Cabot Corporation
CBT
Q1-2026
|
carbon black and performance chemicals
Basic Materials
|
4.0B | 849 | 73 | 69 | 126 | — | — |
|
Ecolab Inc
ECL
Q1-2026
|
water and process treatment chemistry for industrial operations
Basic Materials
|
72.5B | 4,066 | 433 | — | — | 43.6% | — |
|
Dupont De Nemours Inc
DD
FY2025
|
industrial materials and water technologies
Basic Materials
|
18.3B | 6,849 | 98 | 333 | 560 | — | — |
|
NewMarket Corporation
NEU
Q1-2026
|
specialty materials and additives supplier
Basic Materials
|
6.2B | 670 | 118 | 24 | — | — | 866 |
|
Balchem Corporation
BCPC
FY2025
|
specialty products and industrial chemistry
Basic Materials
|
5.6B | 1,037 | 155 | 43 | 217 | — | 89 |
|
Hawkins Inc
HWKN
Q3-2026
|
industrial solutions and water-treatment chemicals
Basic Materials
|
3.4B | 244 | 14 | 39 | 107 | — | — |
|
H B Fuller Company
FUL
Q1-2026
|
engineering adhesives for industrial assembly
Basic Materials
|
3.3B | 771 | 21 | 58 | -4 | 30.6% | 1,968 |
|
Quaker Chemical Corporation
KWR
FY2025
|
process fluids and specialty chemical formulations
Basic Materials
|
2.4B | 1,889 | -2 | 56 | 136 | 36.0% | 691 |
|
Ashland Global Holdings Inc
ASH
Q2-FY2026
|
specialty additives and intermediates chemistry
Basic Materials
|
2.2B | 482 | 16 | 17 | 50 | — | — |
4
Battery Cells, Pack Architecture & EV Power Components
Battery developers and electrical component suppliers that consume refined materials and translate them into cells, pack technologies, connectors, protection and power-management hardware.
8 companies
| Company | Role | Market Cap | Revenue ($M) | Transportation ($M) | Industrial ($M) | Gross Margin (%) | Capex ($M) |
|---|---|---|---|---|---|---|---|
|
QuantumScape Corporation Class A Common Stock
QS
Q1-FY2026
|
next-generation battery cell developer
Consumer Cyclical
|
4.2B | — | — | — | — | — |
|
TE Connectivity Ltd
TEL
Q2-FY2026
|
transportation connectors and interconnects for EV systems
Technology
|
59.9B | 4,744 | 2,422 | 2,322 | 36.8% | 267 |
|
Vicor Corporation
VICR
Q1-2026
|
power conversion components for electrified systems
Technology
|
11.6B | 113 | — | — | 55.2% | 12 |
|
Littelfuse Inc
LFUS
FY2025
|
circuit protection and power-control parts for EVs
Technology
|
9.8B | 2,386 | 676 | 364 | — | 68 |
|
Vishay Intertechnology Inc
VSH
FY2025
|
passives and semiconductors for power electronics
Technology
|
3.8B | 3,069 | — | — | 19.4% | 273 |
|
Bel Fuse B Inc
|
power and connectivity components
Technology
|
3.3B | — | — | — | — | — |
|
Bel Fuse A Inc
BELFA
Q1-2026
|
industrial power and data solutions
Technology
|
2.9B | 676 | 369 | 307 | — | — |
|
Rogers Corporation
ROG
Q1-2026
|
engineered materials used in EV power electronics
Technology
|
2.3B | 200 | — | — | 32.2% | 5 |
5
Testing, Automation & Industrial Qualification Enablement
Instrumentation, vision, automation and industrial sensing suppliers that help mine, refine and qualify battery materials and support manufacturing scale-up, though they are not direct material producers.
6 companies
| Company | Role | Market Cap | Revenue ($M) | Free Cash Flow ($M) | Capex ($M) | Gross Margin (%) | Operating Margin (%) | Operating Cash Flow ($M) |
|---|---|---|---|---|---|---|---|---|
|
Keysight Technologies Inc
KEYS
Q1-2026
|
electronic and industrial test instrumentation
Technology
|
57.5B | 1,600 | 407 | 34 | — | — | 441 |
|
MKS Instruments Inc
MKSI
Q4-2025
|
process-control and industrial instrumentation
Technology
|
17.9B | 3,832 | 531 | 148 | — | — | 679 |
|
Trimble Inc
TRMB
FY2025
|
field systems and industrial workflow software
Technology
|
15.4B | 3,587 | 361 | 25 | 69.1% | 16.5% | 386 |
|
Cognex Corporation
CGNX
FY2025
|
machine vision for manufacturing automation
Technology
|
9.3B | 994 | 237 | 9 | 66.9% | 16.3% | 246 |
|
Novanta Inc
NOVT
FY2025
|
automation-enabling technologies
Technology
|
4.3B | 981 | 54 | 16 | 44.4% | 9.6% | 64 |
|
Itron Inc
ITRI
Q1-2026
|
industrial metering and networked sensing
Technology
|
3.7B | 587 | 79 | 7 | — | — | 86 |
Report History
| Generated | Pool | Layers |
|---|---|---|
| 2026-05-01 14:09 | 82 | 5 |