article thumbnail

BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) This marks a 6% drop from $140/kWh in 2020.

Price 469
article thumbnail

LME copper prices hit 7-year high

Green Car Congress

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper has charted an unlikely trajectory through 2020, notes Roskill. Copper prices since 1 Jan 2020. Copper prices since 1 Jan 2000. Copper prices since 1 Jan 2000.

Price 541
article thumbnail

EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

Green Car Congress

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). High oil prices have contributed to steady crude oil exports recently. Brent and WTI prices both remained above $70/b between 8 June and 16 July 2021.

Oil 418
article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d in 2020 driven by both OPEC (-4.3

2020 397
article thumbnail

EIA: US coal exports increased 23% between 2020 and 2021

Green Car Congress

In 2021, coal exports from the United States increased by 23% to 85 million metric short tons (MMst) from 69 MMst in 2020, according to the US Energy Information Administration (EIA). A trade dispute between Australia and China that began in late 2020 resulted in China banning coal imported from Australia.

Coal 434
article thumbnail

EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). million barrels at the end of January 2020 and increased to 532.7

Oil 417
article thumbnail

IDTechEx: EV market doubles down on permanent magnets despite material costs

Green Car Congress

With the continued global turmoil experienced over the past few years, the prices of almost everything are rising. The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 While the price has settled somewhat, in October 2022, it was still 2.4

Market 259