...if you don't believe me that EV growth comes at the expense of lithium pricing growth, then read this.
....no one can compete anywhere near the Chinese in terms of cost and technology, cementing China's dominance in battery technology and along with it everything that goes into it, including lithium.
A US battery developer told me that if $56/kWh LFP ever reaches the US, American stationary battery makers “will be toast—everyone.” We report today that the price in China is now $47/kWh. The Electric.
. @stevelevine
: "On Monday, @theinformation
(#TheElectric) reported that the going rate for iron-based batteries in China had plunged to an astonishing $56 per kilowatt hour, 40% below last year’s average outside the country. But we have since learned that the average price is even lower—$47/kWh, half as much as such batteries outside China, according to a survey last month by @BloombergNEF
, a renewable energy research firm. Chinese battery makers charge higher prices for exported batteries, according to Sam Adham, head of battery materials at @CRUGROUP
, a battery metals research firm. But Chinese LFP exporters still pose a significant challenge to non-Chinese battery makers hoping to break in to the LFP market, making it extremely difficult for them to compete. Chinese companies such as @BYDCompany
and @catl_official
currently manufacture virtually all the world’s LFP. But non-Chinese companies such as California startup @Mitra_Chem
and South Korea’s #SKon plan to start producing the batteries in 2025 and 2026, respectively."
