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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Higher prices for lithium and other key battery materials (such as nickel, graphite and cobalt) continue to put upward pressure on the cost of batteries which in turn is putting upward pressure on EV prices, the report notes. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

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IHS Markit: annual investments in green hydrogen production to exceed $1 billion by 2023

Green Car Congress

Green hydrogen production costs are down 40% since 2015 and are expected to fall by a further 40% through 2025. Reductions in the costs of renewable power account for two thirds of the reduction in the cost of green hydrogen seen since 2015 with one third due to reductions in the cost of the electrolysis equipment.

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