Lithium stays sky-high

Prices for key metals used in electric-vehicle batteries have diverged, with lithium holding strong on brisk demand and tight supply while nickel and cobalt start to fall out of favor in the crucial Chinese market.

All of these materials are used in cathodes. These components make up about 40% of the cost of a battery cell, which itself accounts for a sizable chunk of electric vehicle production expenses.

Lithium remains a major contributor to these costs. A benchmark price for lithium carbonate stood at about 470,000 yuan ($70,000) per ton as of Monday, according to Argus Media. 

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Cadence Minerals

More articles like this

Cadence Minerals plc

Understanding the market dynamics of lithium prices

Lithium-ion, a key component in electric vehicles has seen a lot of fluctuation in market prices, which have dropped to CNY 2,05,000-2,46,000 a tonne, versus the highs of CNY 6,00,000 witnessed in November 2022. Lithium carbonate

Cadence Minerals plc

Iron ore up on China stimulus bets

Dalian iron ore futures extended gains on Tuesday on hopes of additional policy support for China’s economy, but the challenging outlook for the world’s top steel producer weighed on the steelmaking ingredient’s benchmark price in Singapore.

Cadence Minerals plc

The underbelly of electric vehicles

While electric vehicles are essential to reducing carbon emissions, their production can exact a significant human and environmental cost. To run, EVs require six times the mineral input, by weight, of conventional vehicles. These minerals, including

Cadence Minerals plc

Lithium key element for electric vehicle ramp up

WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight. This makes the alkali metal the mainstream choice for EV batteries, where high

Cadence Minerals plc

Iron ore edges up

Dalian and Singapore iron ore futures slightly rebounded on Thursday as the market expected downstream steel demand to gradually recover after the latest wave of inclement weather that has constrained construction activities. The most-traded September iron

Cadence Minerals plc

Iron ore snaps losing streak

Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in China capped gains. Benchmark prices of the steelmaking ingredient slumped last week,

Cadence Minerals

Iron ore futures edge higher

Dalian iron ore futures edged higher on Tuesday, with the benchmark contract hitting a record high, as the steelmaking ingredient tracked buoyant steel prices in China, though regulatory concerns limited gains. Sentiment was propelled by improved

Cadence Minerals

Iron ore climbs on improving downstream demand

Dalian and Singapore iron ore futures rose on Tuesday, as warmer weather raised expectations for a pickup in steel demand and the market focused on improving consumption fundamentals. The most-traded May iron ore contract on China’s

Cadence Minerals

Lithium, a key commodity for automakers

After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world. Batteries are a foundational technology in the transition away from fossil

Cadence Minerals

Iron ore price jumps on China data

Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchange

Cadence Minerals

Iron ore being pushed higher

The spot price of iron ore is being pushed higher in a pincer move of stronger Chinese demand and lower supply from the world’s two biggest exporters of the steel raw material. The spot price of

Cadence Minerals

Global demand for lithium batteries to leap five-fold by 2030

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in