Lithium prices have remained stable after record high’s

Since April's record high levels, average lithium prices have remained stable, with Chinese technical and battery-grade lithium carbonate prices continuing to rise. This is in stark contrast to other battery metals such as cobalt and nickel, which have seen price declines this year.
Since April’s record high levels, average lithium prices have remained stable, with Chinese technical and battery-grade lithium carbonate prices continuing to rise. This is in stark contrast to other battery metals such as cobalt and nickel, which have seen price declines this year.

Chinese battery-grade lithium carbonate prices have increased marginally since the beginning of June, but year to date, Chinese battery-grade lithium carbonate prices have increased by 90%, while lithium hydroxide prices have increased by 127%.

The passage of the Inflation Reduction Act in the United States has also shifted demand into high gear, accelerating the need for automakers to secure lithium sources, particularly in North America.

Get ‘FREE OF CHARGE’ access to this and 350+ other valuable EV Market Reports in our database. Enjoy reading!

Bar chart showing the percentage increase in critical battery raw materials costs since January 2020. Lithium has the highest increase, nearly 900%. Cobalt, Nickel, Manganese, Iron Phosphate, Natural Graphite, and Syn Graphite also show increases of varying amounts. Source: Benchmark Mineral Intelligence.
Battery system manufacturing| Battery-news
Related news

Germany's decline slows EU EV market growth in first half of 2024

The European Union's electric vehicle market saw modest growth in the first half of 2024, driven…

read more
Electric Vehicles
Europe
Published by: Editorial board | July 19, 2024

Electric vehicles now cheaper than combustion models in China

China has reached a significant milestone in the electric vehicle (EV) market: EVs are now cheaper…

read more
Electric Vehicles
Asia
Published by: Editorial board | July 18, 2024

Five countries lead Europe’s electric truck charging infrastructure

Europe is advancing with the electrification of Heavy Duty Vehicles (HDVs). Recent data from Gireve shows…

read more
EV Charging
Europe
Published by: Editorial board | July 17, 2024

China leads the charge in global EV adoption, surpassing US And EU

Over the last two decades, the global electric vehicle (EV) market has seen remarkable growth, with…

read more
Electric Vehicles
Global
Published by: Editorial board | July 15, 2024