The price of batteries

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mediaguy
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Joined: Thu Nov 25, 2021 4:18 pm

Post by mediaguy »

FT article explains the cost to manufacturers of the war in Ukraine.
Prices of nickel, lithium and cobalt — key raw materials for battery manufacturing — were already rising because of global demand. But with Russia accounting for 11 per cent of the world’s nickel, and supply chains already stretched, the war has sent the cost of such commodities skyrocketing.

The price of these three metals required in a 60KWh battery, enough for a large family sport utility vehicle, has risen from $1,395 a year ago to more than $7,400 in early March, according to battery group Farasis Energy.
But it is also not rosy on the other side
“We have to bear in mind that we need specific materials for batteries . . . but we also need, for example, rhodium, palladium and platinum for the [catalytic] converters in our [combustion engine] cars, so we have to expect that the cost in both cars will increase,” said Volkswagen’s chief financial officer Arno Antlitz.
Paywall: https://on.ft.com/3DBVaS0
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