Lithium battery transaction

What is the global demand for lithium-ion batteries?

Introduction The global demand for lithium-ion batteries is expected to increase 10- to 20-fold this decade, mainly due to the rapid growth of the electric vehicle market . The growing demand implies that capacities for the extraction and refinement of battery raw materials and the production of battery cells must also be increased.

How will the lithium-ion battery market evolve?

Advances in both lithium-ion batteries and their alternatives are creating opportunities to electrify other applications and sectors. However, there are competing forces that will affect how the market evolves: Consolidation: Lithium-ion batteries are likely to undergo further improvements that extend their prevalence into the near future.

Are lithium-ion batteries a good option for stationary energy storage?

For electric vehicles, lithium-ion batteries were presented as the best option, whereas sodium-batteries were frequently discussed as preferable to lithium in non-transport applications. As one respondent stated, ‘Sodium-ion batteries are emerging as a favourable option for stationary energy storage.’

Are sodium ion batteries cheaper than lithium-ion?

Sodium-ion batteries have the potential to be cheaper than lithium-ion batteries – and have a separate supply chain – due to the abundance of sodium as a raw material, resulting in a more resilient and price-stable technology.

What are the different types of lithium batteries?

The three investigated batteries are distinguished by their positive active material, namely lithium nickel manganese cobalt oxide (short: NMC811), lithium nickel cobalt aluminum (short: NCA) oxide, and lithium iron phosphate (short: LFP). They were selected based on their current market shares .

Are lithium-ion batteries safe?

There is growing interest in the safety of lithium-ion batteries following an increase in incidents and, sadly, fatalities, in relation to non-industrial batteries for e-scooters and e-bikes.