[{"data":1,"prerenderedAt":699},["ShallowReactive",2],{"ticker-data":3,"story-article/2024-sees-highest-gigafactory-capacity-cancellations-on-record":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":697,"relatedVideos":698},112468399981121,"994c33aa-2bf2-4ef9-b2e9-472834e1b16a","2024 sees highest gigafactory capacity cancellations on record","2024-sees-highest-gigafactory-capacity-cancellations-on-record","article/2024-sees-highest-gigafactory-capacity-cancellations-on-record",{"_uid":547,"date":548,"tags":549,"editor":550,"content":560,"excerpt":676,"featured":51,"reporter":677,"_editable":681,"component":682,"seo_title":543,"categories":683,"visibility":690,"author_company":49,"featured_image":691,"seo_description":676,"author_full_name":49,"author_job_title":49,"formattedDate":695,"formattedArticleDate":696},"a02cda81-aa4d-4761-bf7b-c1549a7f3ea5","2024-11-28 00:00",[],[551],{"slug":552,"name":553,"content":554},"matthew-bird","Matthew Bird",{"job_title":555,"image":556,"bio":558,"linkedin":559},"Senior Editor - Supply Chains & Data Visualisation",{"filename":557},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":561,"content":562},"doc",[563,570,575,580,589,596,601,616,621,626,631,638,645,666,671],{"type":564,"attrs":565,"content":566},"paragraph",{"textAlign":49},[567],{"text":568,"type":569},"More than 312 gigawatt hours (GWh) of gigafactory capacity has been cancelled in 2024, substantially higher than preceding years, according to Benchmark analysis.","text",{"type":564,"attrs":571,"content":572},{"textAlign":49},[573],{"text":574,"type":569},"These cancellations have been primarily from less experienced Tier 3 battery manufacturers operating in China who have struggled with low demand and a highly competitive market. More established players have fared better.",{"type":564,"attrs":576,"content":577},{"textAlign":49},[578],{"text":579,"type":569},"“Despite the high number of gigafactory cancellations and delays in 2024, we’ve seen investments continue amongst large-scale, Tier 1 manufacturers,” said Caspar Rawles, Chief Data Officer at Benchmark.",{"type":564,"attrs":581,"content":582},{"textAlign":49},[583],{"type":584,"attrs":585},"image",{"id":49,"alt":586,"src":587,"title":49,"source":49,"copyright":49,"meta_data":588},"","https://a.storyblok.com/f/287943243085208/6d1d872227/bm-charting-the-fall-of-gigafactories2x-1.png",{},{"type":590,"attrs":591,"content":593},"heading",{"level":592,"textAlign":49},4,[594],{"text":595,"type":569},"Where have the cancellations come from?",{"type":564,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":569},"Rawles noted that it is not surprising Tier 3 Chinese battery manufacturers make up a disproportionate amount of pipeline capacity as the pipeline for gigafactory growth is largest in China.",{"type":564,"attrs":602,"content":603},{"textAlign":49},[604,606,614],{"text":605,"type":569},"Satellite analysis of gigafactory construction sites by ",{"text":607,"type":569,"marks":608},"Benchmark Verified",[609],{"type":610,"attrs":611},"link",{"href":612,"uuid":49,"anchor":49,"target":49,"linktype":613},"https://source.benchmarkminerals.com/article/benchmark-verified-the-five-stages-of-benchmarks-gigafactory-satellite-analysis?_branch_match_id=1544411027154759212&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWL%2FBNNPQsTPVx9U%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAkOjPqkgAAAA%3D","url",{"text":615,"type":569}," shows that as well as the announced cancellations 746.4 GWh of pipeline capacity has been delayed in 2024. ",{"type":590,"attrs":617,"content":618},{"level":592,"textAlign":49},[619],{"text":620,"type":569},"Where is there growth?",{"type":564,"attrs":622,"content":623},{"textAlign":49},[624],{"text":625,"type":569},"“We’ve seen investments continue amongst large-scale, Tier 1 manufacturers,” said Rawles. ",{"type":564,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":569},"Benchmark Verified has monitored the progression at LG Energy Solution’s gigafactory in Arizona over the course of 2024.",{"type":564,"attrs":632,"content":633},{"textAlign":49},[634],{"type":584,"attrs":635},{"id":49,"alt":586,"src":636,"title":49,"source":49,"copyright":49,"meta_data":637},"https://a.storyblok.com/f/287943243085208/2c7533720a/bm-lges-arizona-us-december-2023.png",{},{"type":564,"attrs":639,"content":640},{"textAlign":49},[641],{"type":584,"attrs":642},{"id":49,"alt":586,"src":643,"title":49,"source":49,"copyright":49,"meta_data":644},"https://a.storyblok.com/f/287943243085208/2022b8e8fe/bm-lges-arizona-us-july-2024.png",{},{"type":564,"attrs":646,"content":647},{"textAlign":49},[648,650,656,658,664],{"text":649,"type":569},"Investments driven by the US’ Inflation Reduction Act (IRA) will come to fruition next year, with ",{"text":651,"type":569,"marks":652},"160 GWh of new capacity coming online in the US",[653],{"type":610,"attrs":654},{"href":655,"uuid":49,"anchor":49,"target":49,"linktype":613},"https://source.benchmarkminerals.com/article/us-set-for-largest-ever-annual-gigafactory-capacity-increase-in-2025?_branch_match_id=1544411019280116486&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWTysusqiy8PFx9U%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUA7wPv0UgAAAA%3D",{"text":657,"type":569},". Of this new capacity, 135 GWh comes from Tier 1 players, according to Benchmark’s ",{"text":659,"type":569,"marks":660},"Gigafactory Assessment",[661],{"type":610,"attrs":662},{"href":663,"uuid":49,"anchor":49,"target":49,"linktype":613},"https://www.benchmarkminerals.com/lithium-ion-batteries/capacity-database/gigafactory",{"text":665,"type":569},".",{"type":564,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":569},"“This is when we’ll get scaled manufacturing and, theoretically, after that ramp up process, lower costs [in North America],” Rawles said.",{"type":564,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":569},"The reelection of Donald Trump, who has been critical of the IRA and EVs more broadly, brings the security of tax credits into doubt.","More than 312 gigawatt hours (GWh) of gigafactory capacity has been cancelled in 2024, substantially higher than preceding years, according to Benchmark analysis. These cancellations have been primarily from less experienced Tier 3 battery manufacturers operating in China who have struggled with low demand and a highly competitive market. More established players have fared better. […]",[678],{"slug":552,"name":553,"content":679},{"job_title":555,"image":680,"bio":558,"linkedin":559},{"filename":557},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"a02cda81-aa4d-4761-bf7b-c1549a7f3ea5\", \"id\": \"\"}-->","article",[684,687],{"slug":685,"name":686},"batteries","Batteries",{"slug":688,"name":689},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":586,"name":586,"focus":586,"title":586,"source":586,"filename":692,"copyright":586,"fieldtype":693,"meta_data":694,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/80cafd8d3f/bm-factory-construction-featured-image.jpg","asset",{"alt":586,"title":586,"source":586,"copyright":586},"Nov 28, 2024","28th November 2024",[],[],1784220811259]