Lithium prices rise
A lack of raw materials in batteries: electric cars soon priceless?
Alexander Schimmeck/Unsplash.com Lithium prices are increasing massively: E-cars are soon priceless?
After years of downward trend, the lithium prices rise again. In the meantime, one kilogram of the battery raw material costs many times more than last year – relaxation of the situation is not in sight. The industry is therefore working on alternative batteries.
Although the engine of an electric car consists of much less parts than a classic internal combustion engine, even higher prices have so far been required for electric cars than for comparable petrol engines and diesel. This is due to several factors, of which the most important well -being is the construction of the batteries. Not only the actual production of an e-car battery is expensive, the prices for the required raw materials such as lithium carbonate are also attracted further.
Between 2018 and 2020, the prices for lithium carbonate literally rustled into the basement. Since then they have been tirelessly climbing. In the Chinese spot markets, the prices for lithium carbonate reached the equivalent of 53.63 euros per kilogram at the end of January, more than twice as much than in September 2021, reports the Golem news portal in a current analysis.
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Lithium prices: relaxation is not in sight
Although the stock market prices on the Spotmarkt only show the willingness to pay for short -term deliveries of lithium carbonate, but also the currently paid delivery prices of the raw material rose from January to December 2021 from the equivalent of 5.58 euros/kg to 24.54 euros/kg. The recent price increases in December and January will only affect these long -term delivery prices and thus also on the battery prices.
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Relaxation of the lithium prices is currently not in sight: the demand for lithium will continue to increase as part of the run -up of electromobility, at the same time the lithium producers in Australia and Far East can only expand their conveyor capacities with the currently existing mines. The construction of new mines also takes five to ten years.
Steven Chu, one of the inventors of modern lithium-ion batteries, predicted this development last year. "The market may have to adapt to a phase of increasing prices for battery cells – a new phenomenon for an industry that is used to expect decreasing prices from year to year", also said Simon Mooores, the managing director of the information service provider Benchmark Mineral Intelligence (BMI).
The sodium-ion battery is a solution?
This could remedy a switch to lithium and cobalt-free batteries for electric cars- a technology where the battery catl has been researching for years. Last summer, Catl started producing sodium ion batteries.
The group announced that the supply chains should stand for industrial production by 2023. According to CleanTechnica, the production costs for a sodium-ion battery are said to be less than $ 40 per kilowatt hour (kWh) with a volume, so the converted at less than 36 euros. The price for a kilo lithium carbonate was in mid -January, according to the Price Service Platts, the equivalent of around 42.60 euros. According to Golem, lithium-ion batteries per kilowatt hour require about 700 grams of lithum carbonate, which would mean raw material costs of almost 40 euros per kWh in these lithium prices. So if you believe Catls, a finished sodium-ion battery could cost as much as the mere lithium carbonate for the construction of a lithium-ion battery.
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You might also be interested: how clean e-cars are really?
The environmental balance of electric cars is often critically observed in the media. The battery of an electric car has a large part in this picture. Exactly said the raw materials required for its production. You have the call to cause dramatic environmental damage. But how bad is the raw material promotion for electric car batteries really?
Raw materials for e-car batteries: their promotion is really as critical
This article was written by Tobias Stahl
The most important investment vehicles against inflation
The most important asset classes in an inflationary environment represent real values. These include shares, real estate, raw materials of all kinds, but also investments in non -listed companies, i.e. private equity, infrastructure or collector’s objects such as watches, art or classic cars.
However, rising interest rates are a risk with which the central banks may combat too high inflation rate. "If this happens, then bonds become more attractive and can become a competition for stocks and other real assets," says Burkhard Wagner from Partners VermOgensmanagement AG. There can therefore threaten price losses if a stronger increase in interest rates. Anyone who expects this should therefore not completely do without fixed -interest securities in the portfolio. "With variably interest -bearing papers, inflation -indexed bonds or bonds with a short term, there are also some options here," says the expert.
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