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Benchmark: lithium prices continue to rise

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Lithium prices continued to rise in November, with Chinese battery-grade prices surpassing the RMB 200,000/tonne (US$31,395/tonne) mark, according to Benchmark’s Lithium Price Assessment. Source: Benchmark Mineral Intelligence.

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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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ABB Robotics auto manufacturing survey finds 59% of respondents believe EV adoption targets not achievable within regulatory timelines

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A global Automotive Manufacturing Outlook survey commissioned by ABB Robotics and industry publication Automotive Manufacturing Solutions found that more than half (59%) of respondents believe the shift to pure electric vehicle production is not achievable within current legislative timelines. Only 4% felt it would not be possible.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

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Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

Price 404
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DOE: cobalt is the most expensive material used in lithium-ion battery cathodes

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Aside from the lithium needed to produce modern lithium-ion batteries, much attention is focused on the cost of the materials used for EV battery cathode production. Cobalt is an important ingredient in lithium-ion battery cathode production, accounting for about a quarter of the cost of the battery. Source: DOE. 202103050.

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Hydra Energy partners with Chemtrade to provide commercial truck fleets with green hydrogen below the cost of diesel

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Commercial truck fleet operators with Hydra-converted semi-trucks can access green hydrogen at a fixed price, five percent below the price they typically pay for diesel. The company’s distinctive HaaS model helps commercial fleets reduce costs and emissions with limited risk and no up-front investment.

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IRENA sees renewable hydrogen at least cost-possible within decade

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The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5 C climate goal —looks at drivers for innovation and presents strategies that governments can peruse to reduce the cost of electrolyzers by 40% in the short term and by up to 80% in the long term.

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