Alsym Energy’s Post

The price of lithium took a surprising dive in 2023, which appears to be a continuing trend come early 2024 (https://lnkd.in/dj7_KMtV). While this is most likely a function of supply and demand, observing developments over the coming year will be interesting. Will this translate to lower battery unit prices and therefore, cheaper (and more) products in the market, or cheaper, lower-quality lithium batteries manufactured by new market competitors? Regardless of the circumstances, the SafeREnergy Hub remains dedicated to advancing research in the development of batteries that ultimately promise heightened levels of consumer safety.

Is the Lithium boom over? The Lithium market is currently experiencing a glut. The primary reason is low sales of electric vehicles globally. The other primary reason is public concern re safety. On the 13th of March 2024 It was reported that Lithium-ion batteries caused more than 1,000 fires during the past year in Australia alone. Read more here: https://lnkd.in/gBX-98Vr This seems to be happening around the world. Not surprising really, I remember when they would not allow lithium batteries on planes. Do you? This does not mean the end of electric vehicles however just newer battery technology. Sodium Ion batteries cost less to produce the lithium and are safer. Already some sodium ion battery powered cars are for sale such as BYD's Seagull and JAC Group’s Yiwei in 2024. More to come I suppose. Only a month ago the World Bank stated: Lithium use by the way is expected to increase by some 500% by 2050. As demand increases so will prices. This now seems to no longer be likely. Many investors and companies will lose money because of this. Will we see bankruptcies and startups never getting off the ground? It is possible that this may be a heavy financial blow for many including Nations that have invested heavily into Lithium production and Lithium Ion batteries. New safer methods may be found for the use of and production of Lithium Ion batteries. However, even dead lithium batteries have be found to catch on fire and explode. There will be an increase in legislation re battery disposal in general especially lithium. This will likely see an increase in costs for consumers as well in both disposal and supply of batteries. #lithium #markets #information #investmentadvice #electricvehicles https://lnkd.in/g8VE7uee

Unraveling the Enigma Behind Plummeting Lithium-Ion Battery Prices! 📉 This time, Lithium steals the spotlight as the key contributor, surpassing tech innovation. Dive into the reasons behind the deceleration in demand—blame it on heightened borrowing costs and economic uncertainty. China's battery oversupply? It's creating a ripple effect, causing a global surplus. 🌏 But here's the twist! The drop is not just about raw materials; it's a sign of the battery market reaching maturity. In recent years, battery prices across sectors have converged, showcasing the industry's evolution and robust growth. BNEF's energy storage experts predict a plunge in pack costs to $133/kWh in real 2023 terms, with a long-term projection dipping below $100/kWh by 2027. 🚀 Why is $100/kWh a magical number? It marks a potential turning point, hinting at price parity between electric vehicles and traditional combustion engines. ⚡✨ Ready to unravel the details? Dive in: https://lnkd.in/dyZtvh9D #BatteryPrices #LithiumIon #EVRevolution #IndustryInsights

How would you describe this? A 23% increase in #costs between 2021 and 2023 and then a #forecasted 50% decrease in cost between 2023 to 2030, with 37% decline expected just between 2023 and 2025. That's the latest #LithiumIon #battery #price trajectory as shared by Goldman Sachs earlier this month. The report projects to an average annual decrease in cell level costs of 9% between 2023 to 2030. The much anticipated data point on when battery prices (cell level) drops below 100 also looks to be achieved in 2024 and at pack level by 2025. As of 2023, #Cathode materials makes up for 48% of cell #manufacturing cost, this is projected to decrease to 38% by 2030. What is influencing this cost drop? Of-course drop in raw material costs is a major factor, but its not the only factor, innovations, tech improvements and ramping up of gigafactories being commissioned worldwide are also enabling factors. Its also that time of the year when BNEF releases their annual lithium ion cost survey result, lets see if theirs another story to tell! You may like to each the article at the following link: https://lnkd.in/gm_a7z9c #battery #energystorage

🌏 Lithium steals the spotlight in plummeting battery prices. 💰 Demand slowdown attributed to heightened borrowing costs and economic uncertainty. 🚀 Battery market maturity evident as prices converge across sectors. ⚡️ BNEF predicts pack costs to dip below $100/kWh by 2027, signaling potential EV price parity. #BatteryPrices #LithiumIon #EVRevolution #IndustryInsights

🔋 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 🔋 The lithium market is on fire 🔥, poised for remarkable growth! 📈 With demand projected to surge at an astonishing 30% annually, this is an exciting time for the industry. What's driving this momentum? 🚀 𝗠𝗮𝗶𝗻 𝗗𝗿𝗶𝘃𝗲𝗿𝘀: 🚗 Increasing adoption of Electric Vehicles (EVs) and energy storage systems. 🌍 Government policies promoting EV purchases. 🔋 Development of cutting-edge battery chemistries. Yet, challenges loom on the horizon: 𝗠𝗮𝗶𝗻 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 🌱 Limited supply of lithium. 💰 High cost of lithium production. 🌿 Environmental concerns tied to lithium mining and battery disposal. Navigating these waters is key to the lithium industry's sustainable future. #LithiumMarket #EVs #Sustainability 🌱🔌

Over the last year, the global lithium market has experienced notable fluctuations, particularly in the realm of lithium carbonate used extensively in electric vehicle (EV) batteries. In November 2022, lithium carbonate prices soared to CNY 600,000 per tonne, driven by supply deficits and robust demand. However, by November 2023, the price drastically fell to CNY 130,000 per tonne, a 74.88% decrease. This downturn is linked to decreased demand, stabilized supply, and elevated inventories, partly due to the Chinese government's extensive subsidies during 2021 and 2022. Similarly, in the US and Europe, lithium carbonate prices also declined, mirroring weak regional demand. www.lithiumvalley.com #LithiumValley #LithiumPrice #EnergyStorage #BatteryPack

"Demand for #EVs and #batteries is skyrocketing as the world transitions to lowering #carbon emissions; and the global #lithium market is now stretching its legs and looking to diversify away from China’s decades-long stranglehold on the market." This Stockhead article explores how the U.S. is starting to provide incentives and subsidies to support regional downstream lithium supply chains for EVs and batteries. As a South Dakota based lithium developer, #IRISmetals is well-placed to succeed among the #ASX-listed companies stepping in to fill out the supply chain. https://lnkd.in/gUxJKkvY

🌱 𝐓𝐡𝐞 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐁𝐨𝐨𝐦 🚀 Amid an electrifying transformation, the U.S. battery manufacturing landscape is on an unprecedented growth trajectory. Underpinned by the Inflation Reduction Act, we're accelerating into a future where the EV supply chain and battery manufacturing capabilities expand rapidly. By 2025, we anticipate reaching a staggering 750 GWh in capacity, scaling to over 1300 GWh by 2030 - a monumental 13x increase from current production. As we power forward, the surge in giga-factories - 45 and counting across the U.S. - sharpens competition for essential raw materials, particularly lithium. Domestic demand is set to eclipse refining capacity by a factor of 10, highlighting a critical need for enhanced production and refining processes. At Lithium Harvest, we are not just a part of this transformation; we are leading it. Our commitment to sustainable lithium extraction from produced water positions us uniquely to help meet the increasing U.S. demand. Our advanced solution ensures a fast, low-cost, and sustainable supply of lithium compounds essential for powering the U.S. battery revolution.🌎🔋 #Lithium #BatteryRevolution #InflationReductionAct

🚗 𝐄𝐕 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐋𝐅𝐏 𝐯𝐬. 𝐍𝐌𝐂 𝐂𝐡𝐞𝐦𝐢𝐬𝐭𝐫𝐢𝐞𝐬 Diving into the core of EV battery technologies, let's highlight the key points between LFP (Lithium Iron Phosphate) and NMC (Nickel Manganese Cobalt) cathode chemistries: 🌍 Market Dynamics: LFP is on the rise in Europe and North America, challenging the dominance of NMC. 🔋 Energy Density: NMC leads with higher energy density, but LFP offers affordability with slightly lower density. 🛡️ Safety and Cost: While LFP is touted for safety, both face their own set of challenges in cost-efficiency and safety at pack level. 🌱 ESG Concerns: LFP fares better in ESG concerns than NMC, but new deep-sea mining technologies could offer sustainable alternatives for NMC materials. ❄️ Consumer Experience: LFP's performance issues in cold weather and its impact on range prediction highlight the need for consumer awareness. 🚀 Future Outlook: Emerging chemistries like LMFP and sodium-ion, and innovations in resource extraction are paving the way for a diverse battery future. https://lnkd.in/gjVPyQyv #EVs #BatteryTech #Sustainability #Innovation