EXPENSIVE BATTERY METALS
The most expensive battery metals are generally considered to be lithium, cobalt, and nickel.
Lithium is the lightest metal and the least dense solid element. It is used in batteries for portable electronic devices, as well as electric vehicles. The price of lithium has fluctuated in recent years, but it is generally considered to be one of the most expensive battery metals.
Cobalt is a hard, lustrous, gray metal that is commonly used in rechargeable batteries for smartphones and electric vehicles. The price of cobalt has also fluctuated in recent years, but it is generally considered to be one of the most expensive battery metals due to its scarcity and the cost of extracting it from ore.
Nickel is a hard, silvery-white metal that is widely used in batteries for electric vehicles and grid storage. It is generally considered to be less expensive than lithium and cobalt, but its price can still be relatively high.
It’s worth mentioning that, beyond these metals, other metals like Vanadium, Graphite, Manganese and others also used in batteries, prices tend to fluctuate depending on factors such as supply and demand, mining costs, and geopolitical factors.
