Inputs for battery manufacturing continue to fall in June

Recovery in prices will depend on restoring demand during the third quarter
Inputs for battery manufacturing continue to fall in June
Consultancy points to excess supply in the global market. Image: Freepik

The crucial inputs for manufacturing Batteries continue to fall in June, largely due to excess supply and stabilization of demand

On June 30, prices for lithium carbonate closed with an average of RBM 91.500/W, which represents a drop of 13,7% compared to the previous month. The concentrate of lithium spodumene Chinese closed with an average of USD 1.045/MT, reduction of 4,2%. 

According to InfoLink Consulting, lithium production in China remained high, while growing demand for batteries in the automotive market stabilized. “Lithium prices continued to fall below break-even. Consequently, manufacturers may plan production cuts or even stoppages, reducing supply. However, given the persistent oversupply, lithium prices may see slight recoveries amid fluctuations, but remain in the low price range”, assessed the consultancy. 

Storage Cell

Prices for LFP energy storage cells in China are below break-even, but further declines are unlikely. On June 30, the price of 280 Ah LFP cells remained at an average of RMB 0,35/Wh, the same level as in May. 

According to InfoLink, Most manufacturers have produced cells above 300 Ah, especially 314 Ah. The price of 314 Ah storage cells remained at an average of RMB 0,36/Wh, down 2,7% month-on-month, narrowing the price gap for 280 Ah cells.

“In the future, the production cost of 314 Ah cells will probably be below that of 280 Ah cells amid mass production and expansion of shipments”, analyzes the consultancy. 

Cell prices 100 Ah LFP continued to decline amid slow shipments, averaging RMB 0,38/Wh, a 3,8% decrease from the previous month.

There is a transition movement towards cells with large storage capacity. Energy storage tenders already require 314 Ah cells. “In the second half of 2024, 314 Ah LFP energy storage cells will likely see increasing shipments,” highlights InfoLink. 

all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please us by email: [email protected].

Photo by Wagner Freire
Wagner Freire
Wagner Freire is a journalist graduated from FMU. He worked as a reporter for Jornal da Energia, Canal Energy and Agência Estado. Covering the electricity sector since 2011. Has experience in covering events such as energy auctions, conventions, lectures, fairs, congresses and seminars.

Leave a comment

Your email address will not be published. Required fields are marked with *

Comments should be respectful and contribute to a healthy debate. Offensive comments may be removed. The opinions expressed here are those of the authors and do not necessarily reflect the views of the author. Canal Solar.

Receive the latest news

Subscribe to our weekly newsletter

<
<
Canal Solar
Privacy

This website uses cookies so that we can provide you with the best experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.