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Wednesday, August 30, 2023 12:23:57 PM
“Sometimes called “white gold”, lithium prices have been on a rollercoaster. Much of the lithium market is dominated by China. Towards the end of last year prices for battery-grade lithium carbonate shot to around 600,000 yuan (some $80,000) a tonne, but have since slipped back to around 250,000 yuan—still about twice what it was two years ago. Nickel prices have also been volatile.
In such a mercurial market companies need to secure their supply lines, adds Dr Duffner. That will be difficult because even though some new mines for lithium and other battery materials are being developed, particularly outside China, they can take a decade or more before they reach their full production.
As a result, Dr Duffner expects many of the large carmakers to become more vertically integrated by teaming up with battery producers and materials companies. In Japan, Toyota, Nissan and Honda have already joined with Panasonic and GS Yuasa, a pair of battery-makers, to form a consortium to develop solid-state batteries.“
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