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Cobalt prices hit three year high as EV growth boosts demand

Cobalt metal prices are trading at their highest levels in three years, highlighting robust demand for the metal in electric vehicles despite the rise of alternative battery chemistries.

The price of cobalt metal rose by 10% in November, breaking through $30 per pound for the first time since the end … Read more

Lithium prices to push up LFP electric vehicle battery costs by 16% in 2022

The rise in lithium carbonate prices could increase production costs of lithium-iron phosphate (LFP) battery cells by at least 16%, Benchmark Mineral Intelligence analysis shows, adding further pressure to electric vehicle (EV) makers next year. 

Benchmark’s Chinese battery-grade lithium carbonate prices have risen by 346% this year, as sales of … Read more

Nissan bets on in-house solid-state battery for 2028

Nissan says it expects to have a solid-state battery in an electric vehicle (EV)  by 2028 as it targets 2 trillion yen ($18 billion) of spending on EVs over the next five years.

The Japanese automaker said that it would have a pilot plant in Yokohama to produce its in-house … Read more