Explainer: Costs of nickel and cobalt used in electric vehicle batteries

Batteries for electric vehicles are manufactured at a factory in Dongguan, China September 20, 2017. Picture taken September 20, 2017. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.comRegisterLONDON, Feb 3 (Reuters) – Rising sales of electric vehicles (EVs) and a scramble along the supply chain to secure materials have propelled prices of battery ingredients nickel, cobalt and lithium to multi-year highs. read more “Raw material prices and availability are starting to have an impact on prices of battery cells, suppliers were notifying customers of increasing prices late in 2021,” said Benchmark Mineral Intelligence (BMI) analyst Caspar Rawles.Electric vehicle battery cell pricesHOW ARE NICKEL, COBALT AND LITHIUM USED?Register now for FREE unlimited access to Reuters.comRegisterEV batteries are charged and discharged by the flow of lithium ions between the…

Read more…