6% YoY drop in capacity-weighted average price of lithium-ion battery packs in 2021
Bloomberg New Energy Finance released the 2021 Lithium-Ion Battery Price Survey in November. The capacity-weighted average price of lithium-ion battery packs for all segments in 2021 is $132/kWh, a 6% decrease from last year. The change comes against the backdrop of rising prices for raw materials and battery components, a trend that has impacted the market in the second half of the year.
In nominal terms, rising commodity prices will result in an average battery pack price increase of $3/kWh in 2022. This will be the first time the industry has faced price increases since Bloomberg New Energy Finance began conducting its annual battery price survey in 2010.
my country's lithium hydroxide imports rose 109% month-on-month to 729 tons of lithium carbonate equivalent (LCE) in October, while exports fell 17% month-on-month to 5,497 tons of lithium carbonate equivalent. Imports of lithium carbonate over the same period rose 194% month-on-month to 10,476 tons of lithium carbonate equivalent.
U.S. imports of lithium carbonate in October reached 424 tons of lithium carbonate equivalent, down 19 percent from the previous month. Exports also fell by 65% over the same period.
Lithium prices continued to surge in November, with domestic carbonate prices rising to US$32,101 per ton. The increasing demand for lithium carbonate in my country has led to a shortage of supply in the battery industry, which is the driving factor for the rise in lithium prices.
On November 18, the Ministry of Industry and Information Technology of my country announced the draft of the "Regulations for the Lithium-ion Battery Industry (2021 Edition)" for comments. The document sets a target for energy-based batteries with an energy density of no less than 180 watt-hours per kilogram (Wh/kg). If this standard is adopted, it will help to increase the demand for nickel-cobalt-manganese (NMC) ternary cathode material system in China, thereby strengthening the demand for lithium hydroxide.
Back in March, my country's steel and nickel producer Tsingshan Group announced that it would start producing high-grade, high-grade nickel matte suitable for the electric vehicle industry in October to ease supply problems in the industry. High nickel matte is an intermediate product made from nickel pig iron. However, Tsingshan did not deliver high-grade, high-grade matte in October.
This monthly battery metals report provides you with datasets on trade, pricing, inventories and policies across the global battery industry chain to increase transparency in the global battery supply chain.
a set of data
6%
Year-on-year decrease in capacity-weighted average price of lithium-ion battery packs in 2021
194%
my country's lithium carbonate imports increased month-on-month in October
235%
Year-on-year increase in U.S. and European lithium hydroxide prices
