How high could raw material prices rise? More than the auto industry thinks
With prices for most battery raw materials banging around at bargain basement levels but a significant demand recovery just around the corner, we decided to investigate just how much prices could actually increase in a demand recovery? And our analysis is bad news for battery producers and consumers because it’s more than you would think. We looked at a previous demand take-off, the China Fixed Asset Investment event in 2002-07. Based on what we saw in 2002-07, we believe it is not impossible to see battery raw materials prices increasing by at least four times from current levels.
Topics
Batteries
China
Cobalt
EVs
Graphite
Lithium
Manganese
Nickel
Prices
Supply
