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 Webinar 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
See the recorded webinar here