Raw material price spikes threaten battery cost reduction targets

With EV producers pushing for aggressive cost decreases, battery manufacturers and cathode suppliers alike are putting raw materials front and centre of their future technology choices
A hectic Q1 for battery conferences culminated with the International Battery Seminar in FL, USA in late-March, as leading producers gathered to discuss emerging technologies and market trends. A stand out topic at the conference was the ongoing spike in a number of critical raw material input prices; a subject which was echoed at industry events throughout the quarter.

With battery producers under pressures to continue driving down costs to below the $100 . . .