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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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Roskill: Niobium industry looking for a future beyond steel; Li-ion batteries a possibility

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Moreover, Roskill forecasts that China’s steel production is close to its peak. Non-steel applications account only for a couple of percentage points in terms of consumption but electrical vehicles (EVs) batteries and nanocrystalline applications could grow at a double-digit rate in the next decade, depending on technological developments.

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Benchmark: world needs more than 300 new mines by 2035 to keep up with Li-ion battery demand; need for recycling

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Demand for lithium-ion batteries is set to grow six-fold by 2032, according to Benchmark. Scrap from gigafactories will be the primary source of recyclable battery material for the next decade, according to Benchmark’s Recycling Report. However, recycling could help reduce the number of mines needed.

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FutureBridge expects cost-parity between solid-state and Li-ion batteries by 2025

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Market analysis firm FutureBridge expects that cost-parity between Li-ion and solid-state batteries could be achieved in another five years. Solid Power, Quantum Scape, and ilika forecast at least five years for SSBs to enter the automotive market.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

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Q1 2020 saw monthly average prices fall further to less than US$7,000/t Li 2 CO 3 for the first time since 2014, eroding price increases caused by forecast strong demand growth in the lithium-ion battery industry and uncertainty over future supply. Lithium demand by application in 2019. Source: Roskill.

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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. Major solid-state battery players globally.

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Li-S Energy achieves 45% increase in volumetric energy density to 540 Wh/l with new semi-solid-state Li-sulfur battery

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Australian battery technology company Li-S Energy recently announced the development of its first 20-layer battery cells utilizing third-generation (GEN3) semi-solid-state lithium-sulfur battery technology.

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