Battery price up 29 percentThe cost of an average nickel-cobalt-manganese (NCM) battery has risen by a total of 29 percent in just one year. This is shown by current calculations by the consulting firm Roland Berger, which are available exclusively to Handelsblatt. In the case of lithium iron phosphate batteries, which have been hyped by Tesla in particular, costs have risen by as much as 41 percent. Raw materials account for the largest share of battery costs at just under 30 percent. "In the current situation, the increased cost of raw materials is also causing a significant rise in the price of e-car batteries," explains automotive expert Wolfgang Bernhart of Roland Berger. The war between Russia and Ukraine is now exacerbating the problem. Speculation about supply bottlenecks from Russia is already having an effect: the price of nickel on the London Metal Exchange (LME) rose above the $100,000 per ton mark for the first time, more than doubling. Handelblatt germanyTranslated with www.DeepL.com/Translator (free version)
HNR Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
