Breaking the barrier

2019 has broken and a defining year awaits. 

This is the year where the team at Benchmark expects lithium ion battery cell production costs, at least from one producer, to finally drop below $100/kWh. 

If Elon Musk’s 2016 prediction that this could be achieved by 2020 was deemed ambitious, it is now potentially one year ahead of schedule. 

Lower prevailing lithium hydroxide prices together with lower cobalt prices will meet the scaling up of the world’s multi-gigawatt battery plants - or what Benchmark Minerals calls megafactories.

The relentless rise of the battery megafactories will help drive down . . .


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