About Lithium
Current Lithium Pricing As a general rule in the production of lithium-ion batteries; 600 grams ("g") of LCE is required for each Kilowatt Hour ("kWh") of battery storage. With production cost for LCE being as high as US$6,600 (spodumene production costs) per tonne US$4 of LCE is required for every 1 kWh of battery (which would exclude the manufacturing costs of the battery). Meaning for a 1kWh battery pack (using the standard 18,650 cells contained in a 1 kWh battery pack) the cost would be US$400. Industry experts suggest that even doubling the cost of lithium would do little to change demand and with auto companies desire to meet performance expectations, most would use more lithium in each battery produced, despite the increased cost. | |
