Ioneer Ltd (IONR)

[TradingCharts]

Evelina Stoikou
• Following
Associate at BloombergNEF
2d • 2 days ago

The results from @BloombergNEF's 2022 lithium-ion battery price survey are out. In 2022, observed lithium-ion battery pack prices increased for the first time to an average of $151/kWh. This is a 7% increase from last year in real terms, the first one since we have been tracking the market in 2010.

Some key takeaways:

?? What happened: After more than a decade of declines, rising raw material and battery component prices pushed battery prices up. The upward cost pressure on batteries outpaced the higher adoption of lower cost chemistries like lithium iron phosphate (LFP) and the impact was felt in the industry.

?? Reaching $100/kWh: This mark is often cited as the benchmark for when EVs hit price parity with conventional vehicles. The higher battery prices in 2022 are set to delay the point at which pack prices reach $100/kWh by two years, from 2024 to 2026.

?? What's next: BloombergNEF expects battery prices to stay at similar levels next year, further defying historical trends. Battery prices are expected to start dropping again in 2024, when lithium prices ease and more extraction and refining capacity comes online.

Press release can be found here: https://lnkd.in/ee4FvA66
BloombergNEF clients can access the full report here: https://lnkd.in/eF8qEf_n

https://www.linkedin.com/feed/update/urn:li:activity:7005889422340554752/