In 2023, the cost of lithium iron posphate battery cathodes amounted to 21.9 U.S. dollars per kilowatt-hour (USD/kWh). Lithium carbonate accounted for 90 percent of this figure, at 19.6 USD/kWh. For nickel-manganese-cobalt batteries, lithium hydroxide accounted for roughly 24 USD/kWh of the 37.9 USD/kWh cathode cost.
Cost of active materials used for lithium-ion battery cathodes in 2023
(in U.S. dollars per kilowatt-hour)
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S&P Global. (March 4, 2024). Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. "Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour)." Chart. March 4, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. (2024). Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. "Cost of Active Materials Used for Lithium-ion Battery Cathodes in 2023 (in U.S. Dollars per Kilowatt-hour)." Statista, Statista Inc., 4 Mar 2024, https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global, Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) Statista, https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/ (last visited November 25, 2024)
Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) [Graph], S&P Global, March 4, 2024. [Online]. Available: https://www.statista.com/statistics/1494286/battery-cathode-material-cost-by-component/