Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
The cost of geopolitics. With this, the country has built up substantial expertise in building the required production facilities at a relatively low cost. Take US lithium producer Albemarle, for example: its lithium refinery in Meishan, China, is projected to cost around $500 million for 50,000 tonnes LCE.
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