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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":743,"relatedVideos":744},112469125854294,"ac10df5f-6ffb-4727-8b8d-8cb469f84cb4","Global cell prices extend declines to fall over three year low in July","global-cell-prices-extend-declines-to-fall-over-three-year-low-in-july","article/global-cell-prices-extend-declines-to-fall-over-three-year-low-in-july",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":723,"featured":51,"reporter":724,"_editable":728,"component":729,"seo_title":543,"categories":730,"visibility":736,"author_company":49,"featured_image":737,"seo_description":723,"author_full_name":49,"author_job_title":49,"formattedDate":741,"formattedArticleDate":742},"62e6530d-21e9-4948-bb41-bc5de9c90ea0","2024-08-20 00:00",[550,553,556],{"slug":551,"name":552},"battery-prices","Battery Prices",{"slug":554,"name":555},"cells","Cells",{"slug":557,"name":558},"china","China",[560],{"slug":561,"name":562,"content":563},"didi-bostock","Didi Bostock",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Editor - Energy Transition & Economics",{"filename":566},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":570,"content":571},"doc",[572,589,610,615,627,648,657,664,677,690,700,713],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576,579,587],{"text":577,"type":578},"The global weighted average price for lithium ion cells fell to an over three year low in July mainly due to a continued decline in ","text",{"text":580,"type":578,"marks":581},"lithium",[582],{"type":583,"attrs":584},"link",{"href":585,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/chinese-lithium-hydroxide-prices-fall-below-rmb-80000-for-the-first-time-in-over-three-years","url",{"text":588,"type":578}," and other key battery raw material prices so far this year.",{"type":573,"attrs":590,"content":591},{"textAlign":49},[592,594,600,602,608],{"text":593,"type":578},"The latest global average cell price for lithium ion cells fell 4.8% month-on-month to $71.2 per kilowatt hours (kWh) at the end of the assessment period in July, according to the ",{"text":595,"type":578,"marks":596},"Benchmark Lithium ion Battery Cell Price Assessment",[597],{"type":583,"attrs":598},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://www.benchmarkminerals.com/price-assessments/lithium-ion-batteries/reports/",{"text":601,"type":578},". This is a 33.7% drop from the price a year ago when it went below the key ",{"text":603,"type":578,"marks":604},"$100 per kWh",[605],{"type":583,"attrs":606},{"href":607,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/global-cell-prices-fall-below-100-kwh-for-first-time-in-two-years",{"text":609,"type":578},". ",{"type":573,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":578},"“The latest cell price decline can be largely attributed to persistent low raw material feedstock prices, compounded by falling margins for many across the supply chain in the wake of less than expected demand,” said Anya Sidhu, analyst at Benchmark, adding that rising energy and labour costs now play a larger role in cell pricing.",{"type":573,"attrs":616,"content":617},{"textAlign":49},[618,620,626],{"text":619,"type":578},"Lithium prices have been one of the biggest drivers for this price drop. Global weighted average price of lithium carbonate has declined 21.1% since the start of this year, while lithium hydroxide has fallen 14.6%, according to the ",{"text":621,"type":578,"marks":622},"Benchmark Lithium Price Assessment",[623],{"type":583,"attrs":624},{"href":625,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://www.benchmarkminerals.com/price-assessments/lithium/chart/",{"text":609,"type":578},{"type":573,"attrs":628,"content":629},{"textAlign":49},[630,632,638,640,646],{"text":631,"type":578},"Chinese ",{"text":633,"type":578,"marks":634},"cobalt sulphate",[635],{"type":583,"attrs":636},{"href":637,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://www.benchmarkminerals.com/price-assessments/cobalt/chart/",{"text":639,"type":578}," prices too are at their ",{"text":641,"type":578,"marks":642},"lowest levels",[643],{"type":583,"attrs":644},{"href":645,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/cobalt-sulphate-prices-sink-to-seven-year-low-in-june",{"text":647,"type":578}," in over seven years and have declined 12.5% so far this year. ",{"type":573,"attrs":649,"content":650},{"textAlign":49},[651],{"type":652,"attrs":653},"image",{"id":49,"alt":654,"src":655,"title":49,"source":49,"copyright":49,"meta_data":656},"","https://a.storyblok.com/f/287943243085208/82e338c881/bm-global-cell-prices.png",{},{"type":658,"attrs":659,"content":661},"heading",{"level":660,"textAlign":49},4,[662],{"text":663,"type":578},"LFP prices have taken a harder hit",{"type":573,"attrs":665,"content":666},{"textAlign":49},[667,669,675],{"text":668,"type":578},"Lithium iron phosphate ",{"text":670,"type":578,"marks":671},"(LFP) cells",[672],{"type":583,"attrs":673},{"href":674,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/chinese-lfp-cathode-prices-more-than-halve-in-a-year-as-cell-makers-flex-power",{"text":676,"type":578}," are currently nearly 14% lower cost than nickel cobalt manganese (NCM) cells.",{"type":573,"attrs":678,"content":679},{"textAlign":49},[680,682,688],{"text":681,"type":578},"“LFP prices have fallen the most as ",{"text":683,"type":578,"marks":684},"cathode material",[685],{"type":583,"attrs":686},{"href":687,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/cathode-prices-rise-in-march-as-tier-1-producers-increase-orders",{"text":689,"type":578}," prices continue to decrease. This is caused by continual price suppression from cell makers aiming to increase competition in the LFP market,” said Sidhu.",{"type":573,"attrs":691,"content":692},{"textAlign":49},[693,695,699],{"text":694,"type":578},"The weighted average price for LFP cells has declined 13.5% to $64.5 per kWh so far this year, the lowest level in over three years, according to the ",{"text":595,"type":578,"marks":696},[697],{"type":583,"attrs":698},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":586},{"text":609,"type":578},{"type":573,"attrs":701,"content":702},{"textAlign":49},[703,705,711],{"text":704,"type":578},"Besides the low raw material prices, LFP cathode overcapacity has depressed cell prices forcing ",{"text":706,"type":578,"marks":707},"cathode producers to compete",[708],{"type":583,"attrs":709},{"href":710,"uuid":49,"anchor":49,"target":49,"linktype":586},"https://source.benchmarkminerals.com/article/how-lfp-cathode-competition-has-driven-prices-down",{"text":712,"type":578}," in an oversaturated market despite depressed margins. ",{"type":573,"attrs":714,"content":715},{"textAlign":49},[716,718,722],{"text":717,"type":578},"In comparison, the weighted average price for NCM cells has only dropped 6.3% to $73.3 per kWh so far this year, according to the ",{"text":595,"type":578,"marks":719},[720],{"type":583,"attrs":721},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":586},{"text":609,"type":578},"The global weighted average price for lithium ion cells fell to an over three year low in July mainly due to a continued decline in lithium and other key battery raw material prices so far this year. The latest global average cell price for lithium ion cells fell 4.8% month-on-month to $71.2 per kilowatt hours […]",[725],{"slug":561,"name":562,"content":726},{"job_title":564,"image":727,"bio":567,"linkedin":568},{"filename":566},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"62e6530d-21e9-4948-bb41-bc5de9c90ea0\", \"id\": \"\"}-->","article",[731,734],{"slug":732,"name":733},"batteries","Batteries",{"slug":735,"name":298},"cathode","private",{"id":49,"alt":654,"name":654,"focus":654,"title":654,"source":654,"filename":738,"copyright":654,"fieldtype":739,"meta_data":740,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/609b8999df/bm-price-update-4.png","asset",{"alt":654,"title":654,"source":654,"copyright":654},"Aug 20, 2024","20th August 2024",[],[],1784052271496]