Highly dispersed lithium titanate crystal structures having a thickness of few atomic layers level and the two-dimensional surface in a plate form are supported on carbon nanofiber (CNF). The lithium titanate crystal structure precursors and CNF that supports these are prepared by a mechanochemical reaction that applies sheer stress and centrifugal force to a reactant in a rotating reactor. The mass ratio between the lithium titanate crystal structure and carbon nanofiber is preferably between 75:25 and 85:15. The carbon nanofiber preferably has an external diameter of 10-30 nm and an external specific surface area of 150-350 cm2/g. This composite is mixed with a binder and then molded to obtain an electrode, and this electrode is employed for an electrochemical element.