l'Actualité du Solaire

The price of lithium salt fell for five months before stabilising and then rebounding in April.

The average selling price of battery-grade lithium carbonate and lithium hydroxide in China was

prices fell in April, to RMB 198/kg (-39%) and RMB 266/kg (-33%) respectively,

Although the fall in prices in March had spread, the price of lithium salt began to show signs of stabilising and then rebounded at the end of April. In addition, the price of lithium hexafluorophosphate (LiPF6) - a key raw material used in electrolytes - has recently started to rise again. Prices for anode materials, iron phosphate and copper foil for lithium batteries have almost bottomed out. The Chinese vehicle battery industry chain is gradually stabilising.

This has enabled the prices of various li-ion battery products to return to the levels seen before the surge in demand at the end of 2021.

Companies are receiving more orders. The price of LFP materials has recently started to rise.

Chinese manufacturers of batteries for electric vehicles are nearing the end of their efforts to reduce stocks. The relationship between supply and demand has gradually normalised after more than a quarter of market adjustments. In addition, current battery material prices are stabilising as demand increases steadily. The Chinese battery industry chain is gradually recovering. A full recovery is expected in June

https://www.trendforce.com/presscenter/news/20230508-11664.html

TrendForce of 8 May 2023

Editor's note Some time ago, information from the battery market indicated that prices had climbed, adding to the cost of vehicles. At the end of the article above, it is not clear whether battery prices have returned to a reasonable level or whether they are still high. What is at issue is the spread of electric vehicles.