Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/4eO8Njh
International Energy Agency (IEA)’s Post
More Relevant Posts
-
Chemical process development expert. Antidote to marketing #hopium . Tireless advocate for a fossil fuel-free future.
Be expecting to see a lot more of this kind of thing in the future. A lot of people are going to lose a LOT of money speculating on raw materials for the transition that are NOT rare, and for which substitutions are available. If you're clever, though, there are real materials-related growth opportunities in a decarbonized future. You must need to put aside the Malthusian shortage #hopium pipe, and think more clearly. There are no meaningful materials-related impediments to the transition away from fossil fuels. No magic element we can't do without. No, lithium isn't "the new oil", and never was. And in a decarbonized future, we'll mine LESS mass, because we won't be burning it and throwing it into the atmosphere any more.
Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/4eO8Njh
To view or add a comment, sign in
-
-
This chart from International Energy Agency (IEA) illustrates how prices of certain #criticalminerals have decreased following an investment boom. However, this trend has generated both positive and negative aspects.
Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/4eO8Njh
To view or add a comment, sign in
-
-
The IEA's 2024 Outlook highlights the sharp drop in critical mineral prices in 2023, easing production costs for #battery #storage technology. However, significant and diversified investments are still needed to meet future demand and #climate goals. As the market size for key energy transition minerals is set to more than double by 2040, securing a stable and #sustainable supply chain is crucial. As a professional #battery #energy storage technology research and development and production manufacturer, #Vilion's focus must include innovation, #recycling, and diversifying sources to mitigate risks and ensure resilience in the evolving clean #energy landscape. This strategic approach will position us to capitalize on growing market opportunities.
Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending 👉 https://iea.li/3K83a1k
To view or add a comment, sign in
-
-
The world’s #lithium miners — facing an unprecedented demand surge and wild price swings — are shaking up the way the commodity is bought and sold. For now, there’s a patchwork of spot price references — and nascent futures markets — but little consistency on how to value each unit of lithium as it flows along a supply chain from mines to #EV. Albemarle, the #battery-material producer, has held a series of auctions since March where potential buyers compete for cargoes via bids. “The auctioning of lithium does two things,” said Przemek 🔋 Koralewski, global head of market development at price reporting agency Fastmarkets. “It allows miners to get the price of the day and it means that the contracts on which most material is sold is truly reflective of market dynamics.” https://lnkd.in/giqeKuAZ w Yvonne Yue Li Mark Burton Martin Ritchie
To view or add a comment, sign in
-
According to S&P Global Commodity Insights, Argentina could be the epicentre of global lithium supply, as it is the world's 4th largest lithium producer and has the second largest lithium resources globally. Read the article here: https://lnkd.in/gCarZE-Y #Argentina #Lithium
To view or add a comment, sign in
-
-
Critical minerals participants seek better price discovery to curb volatility 📰Read: https://okt.to/9at5gV 🔹Need to remove price volatility in markets like lithium 🔹Industry eyes centralized battery materials markets
To view or add a comment, sign in
-
-
“Spurred by the IRA, energy-transition-related US demand for the critical minerals lithium, nickel and cobalt, taken together, will be 23 times higher in 2035 than it was in 2021. For copper, it will be twice as high.” We NEED new Battery Chemistries! #batteryinnovation #daylytebatteries #inflationreductionact https://lnkd.in/gncHTqai
IRA: Impact on North America Metals and Minerals Market
cdn.ihsmarkit.com
To view or add a comment, sign in
-
The unfolding commodity boom for copper, a legacy mineral with a long history of extraction, and lithium, a new mineral with significant deposits in Latin America, presents both potential risks and rewards for LAC countries. A new report discusses: https://lnkd.in/ep9-hcwk
To view or add a comment, sign in
-