BloombergNEF data show that lithium-ion battery pack prices fell 6% from 2020 to 2021 but rising commodity prices are putting pressure on the industry.
In the 12 months through Oct. 27, Standard Lithium soared more than 600% on the back of surging EV demand and the promise of a patented method of removing the metal from brine.
The chip shortage that’s gripped the car industry by the throat is a reminder to EV executives in China of what might happen if they run short of lithium.