Mineral prices and automotive electrification

The cost of minerals for battery production has grown dramatically. What risks does this create for automotive electrification?

Overall, the role of raw materials in the cost of a battery has grown significantly. The mineral share of the battery pack price is now 29%, a 300% increase over three years.

Looking at the value share for different minerals in lithium-ion battery production, cobalt stands out. 

How to deal with cobalt dependency

In the May 2022 edition of the Ignizer Report we take a look at three cobalt risk mitigation strategies for battery manufacturers and the automotive industry:

  • The geographical concentration of cobalt mining and reserves
  • High supply risks created by that concentration
  • Three risk mitigation strategies

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