Get up-to-speed with our battery raw material prices, news, trends and forecasts. The price of lithium is falling, but some Western companies have recently announced more investments in the Lithium Triangle – a region of South America comprising parts of Argentina, Chile and Bolivia.
One key area of interest is sodium, the earth-abundant ingredient that makes up about 40% of simple table salt. Sodium is heavy, though. So is salt, for that matter. Nevertheless, sodium batteries are relatively inexpensive and free from thorny supply chain issues, and they are beginning to bust into the mainstream market.
Meanwhile, Argonne notes that stationary energy storage is another ripe market for sodium-ion batteries. Sure enough, over at the Pacific Northwest National Laboratory another kind of sodium battery is taking shape, which deploys a combination of aluminum and sodium in the form of a molten salt.
However, the second generation sodium ion could reach $40 per kWh. Iron LFP batteries could get to $50/kWh with really high volume and efficiency at the cell level. The future low price of sodium ion would make for insanely cheap fixed storage products like the Tesla Megapack and Powerwalls. They also do not have practical material limits.
Overall, we provide a broad and interdisciplinary perspective on modern batteries and future directions for this field, with a focus on sodium-ion batteries. Sodium-ion batteries are an appealing alternative to lithium-ion batteries because they use raw materials that are less expensive, more abundant and less toxic.
Fastmarkets’ battery raw materials suite brings together the vital commercial insights, data and analytics that you need to help you make accurate forecasts, manage inventories and price risk, benchmark costs against your peers’ and balance the costs and benefits of sustainability.
What Factors Influence Sodium-ion Battery Pricing?
The rise of sodium-ion batteries as an option to lithium-ion batteries is mainly attributed to the availability and affordability of sodium as a raw material in their production process. Utilizing elements like iron and manganese has an impact on the cost structure due to their cost effectiveness and easy accessibility compared to lithium ...
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Sodium-ion batteries – a viable alternative to lithium?
Sodium ion looks well placed, with superior safety, raw material costs, and environmental credentials. Sodium ion devices do not need critical materials, relying on abundant sodium instead of ...
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CATL''s Sodium-Ion Battery, Explained
It is worth keeping in mind though that since the two preparatory processes will have so much overlap, sodium ion battery costs will not be drastically lower than lithium ion batteries. Most of the savings will come from …
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A cost and resource analysis of sodium-ion batteries
In this Perspective, we use the Battery Performance and Cost (BatPaC) model to undertake a cost analysis of the materials for sodium-ion and lithium-ion cells, as well as …
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Battery raw material prices, news and analysis
Get up-to-speed with our battery raw material prices, news, trends and forecasts. Get the key takeaways from our recent webinar on the global outlook for the battery raw materials (BRM) market in 2025.
Learn More
What Factors Influence Sodium-ion Battery Pricing?
The rise of sodium-ion batteries as an option to lithium-ion batteries is mainly attributed to the availability and affordability of sodium as a raw material in their production process. Utilizing …
Learn More
Price fluctuations of battery raw materials: How the …
Prices for key battery raw materials have been subject to enormous fluctuations over the past two years, putting an end, at least temporarily, to the trend of falling battery cell costs. In its Battery Update, …
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Factors Affecting the Price of Sodium-ion Batteries
The rise of sodium-ion batteries as an option to lithium-ion batteries is mainly attributed to the availability and affordability of sodium as a raw material in their production process. Utilizing elements like iron and manganese has an impact on the cost structure due to their cost effectiveness and easy accessibility compared to lithium ...
Learn More
Breaking Down the Cost of an EV Battery Cell
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Future Sodium Ion Batteries Could Be Ten Times Cheaper for …
Based on material costs of $4 per kWh there could be $8 to $10 per kWh sodium ion batteries in the future. This would be ten times cheaper than energy storage batteries today.
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A cost and resource analysis of sodium-ion batteries
In this Perspective, we use the Battery Performance and Cost (BatPaC) model to undertake a cost analysis of the materials for sodium-ion and lithium-ion cells, as well as complete...
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Sodium-Ion Solid-State Batteries Address Range and Cost
Moreover, sodium-ion batteries are expected to lower costs by about 20% compared to current technologies. For consumers, this translates into the possibility of more affordable EVs entering the market, potentially at prices around US$20,000.
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Sodium Ion Battery Cost: Future Affordability and Technology …
Raw Material Costs: Raw material costs significantly impact the price of sodium and lithium-ion batteries. Sodium is more abundant and cheaper than lithium, which makes …
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Trends in electric vehicle batteries – Global EV Outlook 2024 ...
More batteries means extracting and refining greater quantities of critical raw materials, particularly lithium, cobalt and nickel . Rising EV battery demand is the greatest contributor to increasing demand for critical metals like lithium. Battery demand for lithium stood at around 140 kt in 2023, 85% of total lithium demand and up more than 30% compared to 2022; for cobalt, …
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Low-Cost Sodium Batteries To Cut Costs For All Sorts …
"Our estimates suggest that a sodium-ion battery would cost one-third less than a lithium-ion one," said Christopher Johnson, a senior chemist and Argonne distinguished fellow at the lab.
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Lithium-Ion Battery Costs: Manufacturing Expenses, Materials, …
In 2020, global investments reached $14 billion, which indicates strong industry confidence and the potential for continuous cost reductions. Raw material costs: Lithium-ion batteries primarily rely on lithium, cobalt, and nickel, which can be volatile in price. However, ongoing research aims to reduce dependency on these materials, potentially ...
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Price fluctuations of battery raw materials: How the automotive ...
Prices for key battery raw materials have been subject to enormous fluctuations over the past two years, putting an end, at least temporarily, to the trend of falling battery cell costs. In its Battery Update, Fraunhofer ISI points out which role the design of supply contracts plays in pricing and how the changes in raw material prices affect ...
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Raw Materials and Recycling of Lithium-Ion Batteries
Batteries with lithium cobalt oxide (LCO) cathodes typically require approximately 0.11 kg/kWh of lithium and 0.96 kg/kWh of cobalt (Table 9.1).Nickel cobalt aluminum (NCA) batteries, however, typically require significantly less cobalt, approximately only 0.13 kg/kWh, as they contain mostly nickel at approximately 0.67 kg/kWh.
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A cost and resource analysis of sodium-ion batteries
Lower Material Costs: The cost of raw sodium is considerably lower than that of lithium. This cost-effectiveness stems from the ease of extraction and processing, as sodium can be derived from common salt …
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Low-Cost Sodium Batteries To Cut Costs For All Sorts Of Things
"Our estimates suggest that a sodium-ion battery would cost one-third less than a lithium-ion one," said Christopher Johnson, a senior chemist and Argonne distinguished fellow at the lab.
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Sodium-ion batteries will take time to become cost-competitive
Sodium is coming, the question is when and how much. Thanks to low cost and abundant raw materials, large operating temperature range, high round trip efficiency, competitive cycle life and safety, sodium-ion batteries are well suited to battery energy storage systems. While they exhibit poorer energy density than their lithium counterparts ...
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Battery raw material prices, news and analysis
Get up-to-speed with our battery raw material prices, news, trends and forecasts. Get the key takeaways from our recent webinar on the global outlook for the battery raw materials (BRM) market in 2025.
Learn More
Sodium-ion battery from sea salt: a review | Materials for …
Sea salt or NaCl has potential ability as a raw material for sodium battery cathodes, and the usage of sea salt in the cathode synthesis process reduces production costs, because the salt is very abundant and environmentally friendly as well. When a cathode using a source of Na2CO3, which was synthesized independently from NaCl can save about 16.66% …
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