4 ms·
Materials are 60% cost of Li battery and across the board material costs are increasing. So, I stick to my assessment barring new evidence (which was not provid
by sremani 5y ago
Materials are 60% cost of Li battery and across the board material costs are increasing. So, I stick to my assessment barring new evidence (which was not provided by your post), that Li battery prices falling in dollar terms is done.
Reference:
https://qnovo.com/82-the-cost-components-of-a-battery/ https://qnovo.com/82-the-cost-components-of-a-battery/
- thescriptkiddie 5y agoThe only component of the battery which contains Lithium is the cathode, which according to the article you linked is a little less than 1/3 of the material cost, or around 20% of the total cost. The battery chemistry which contains the most Lithium is Lithium Cobalt Oxide, which by weight is approximately 7% Lithium and 60% Cobalt. Even though Lithium is vastly more expensive than Cobalt, Cobalt still accounts for the majority of the cathode material cost. So it seems like Lithium accounts for at most 10% of the cost of the battery.
- elihu 5y agoLFP doesn't use nickel or cobalt, which are usually the most expensive materials. Lithium prices will probably go up, but I don't think they're hugely significant yet. LFP cells also use plastic, iron, fertilizer (phosphate), and typically copper and aluminum. I think there's some graphite too. Maybe there'll be some equilibrium price as manufacturing costs drop and material prices go up. It would be surprising though if LFP prices didn't keep dropping. (Especially retail prices, which seem to be around $300/kwh in the U.S.)