Raw Materials

Raw Materials

Raw Materials

Battery Materials | 2023 Prices

Battery Materials | 2023 Prices

Battery chemical prices fall in 2023 as supply outpaces demand Factors Contributing to Price Declines

Source: CRU Group

Mining investments has increased supply of battery materials in the market

Rate of growth in EV and battery demand has slowed relative to 2022

China market has seen high inventories since start of the year

Continued shift to LFP has softened demand for nickel and cobalt materials

Extracted from the PDF; charts and images may read imperfectly.