Fascinating. A few ways to look at it:
- The price of an average NCM EV battery (60kwh) just went up $50 overnight
- The cost of cobalt for a NCM 60kwh battery just jumped from $900 to $950 within 24 hours
- The cost to produce 1kwh of NCM battery just went up 83c in one day
To some these may not seem like a lot, but to NCM battery suppliers who are most likely battling with car producers over every cent and dollar, it is huge (imo).
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