The upstream industry of button battery industry is mainly stainless steel, positive and negative materials, among which the positive and negative materials are mostly lithium, nickel, manganese and other non-ferrous metals. The downstream industry of button battery industry mainly includes electronic digital products, audio-visual equipment related supporting products, electric toys and other related application areas, retail, e-commerce and other sales channels.

The upstream industry of button battery industry is mainly stainless steel, positive and negative materials, among which the positive and negative materials are mostly lithium, nickel, manganese and other non-ferrous metals.

The positive and negative materials of batteries are usually lithium, nickel, manganese or their compounds, such as lithium cobalt oxide, nickel, alloy powder, etc. Domestic nickel, lithium cobalt oxide, nickel, alloy powder, lithium material products are abundant in supply, vulnerable to international market price trends, especially nickel and cobalt, greatly affected by international futures prices.

The price of raw materials for button batteries is an important factor affecting the cost of batteries. The price increase of raw materials such as positive and negative materials, electrolyte and stainless steel will directly lead to the cost increase of battery products using related materials. In the short run, the profit margin of button batteries will be reduced, which will bring adverse effects to the button batteries industry.

The downstream of button battery industry mainly includes electronic digital products, audio-visual equipment related ancillary products, electric toys and so on. In recent years, with the decline of China's economic situation, the slowdown of electronic and digital consumption industry and the change of economic policy, the development of downstream industries may not meet expectations. The fluctuation of downstream related industries'economic cycle may also cause the fluctuation of button battery industry, which has a negative impact on the development of the industry.

But overall, the button battery industry will develop with the development of new industries in the downstream industry, and its growth trend is still relatively clear.