lithium ion battery pack Electric cars put battery metal prices in fast lane
2019-08-23
MERITSUN
107
In 2017, the metal demand for electric vehicles was high, but a major observer in the market said prices were still at the foothills of the peak they could reach. The demand for lithium, cobalt and nickel for batteries has surged as expectations for the development of electric vehicles and the adoption and viability of large electric vehicles have increasedScale energy storage. The price of lithium and cobalt has more than doubled over the past year. Benchmark Mineral analyst Andrew Miller collects price data for lithiumIon battery supply chain said: "There is a big trend in the energy storage market, and we are now starting to see the beginning of these large supermarkets that we have discussed.
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