Battery Energy Metals

More and more everyday products require energy storage for portable usage, and these batteries require cobalt and lithium. Below we explore trends in price, supply, and demand for the most important metals to modern life today, and the future.

Cobalt

Cobalt is required in the making of many common electronic devices, including smartphones, tablets, laptops, electric vehicles, buses, semi trucks, powerwalls, and more. It is one of the world’s most expensive metals and the supply is pushing price higher.

Cobalt: Supply Levels and Price

Cobalt: Refined Production

Source: Benchmark Mineral Intelligence

Lithium

Lithium carbonate and lithium hydroxide are essential compounds used in the making of lithium-ion batteries, required for many daily electronic devices, including smartphones, tablets, laptops, electric vehicles, buses, semi trucks, powerwalls, and other devices. The projected need for lithium continues to grow.

Lithium: Value Assessment and Projection

Forecast of annual price averages for lithium chemicals Worldwide from 2015 to 2025 (in U.S. Dollars per kilogram)

Average lithium carbonate price from 2010 to 2017 (in U.S. Dollars per metric ton)
Projection of total worldwide lithium demand from 2017 to 2025 (In metric tons of lithium carbonate equivalent)

Lithium: Production

As the race for lithium pushes on, three nations are poised to make the best of the growing global demand for this important metal.