Lithium rose to 78,000 CNY/T on August 12, 2025, up 4.70% from the previous day. Over the past month, Lithium's price has risen 20.65%, and is up 1.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on August of 2025.

In 2022, the average price of battery-grade lithium carbonate stood at ****** U.S. dollars per metric ton. This figure is by far the highest price for battery-grade lithium carbonate recorded in the period of consideration. For 2024, lithium carbonate price was estimated at ****** U.S. dollars per metric ton. Lithium is a highly reactive soft and silvery-white alkali metal. As the third element in the periodic table, it cannot be found in its pure form in nature. Lithium is the least dense of solid elements and the lightest out of all metals. Lithium and batteries One of lithium’s most well-known end uses is in lithium-ion batteries. Lithium-ion batteries are rechargeable and mostly used in portable electronics and electronic vehicles. In lithium-ion batteries, the lithium ions move from the negative electrode to positive electrode while in use, and the process is reversed while charging. These batteries are highly flammable but are also low-maintenance. They have a high energy density and a low self-discharge. Some drawbacks include the fact that they are expensive to manufacture, and that they require protection circuits to maintain the voltage safely. Lithium-ion batteries are also the single-largest end use of lithium, amounting to an ** percent share of global lithium consumption in 2024. Lithium demand forecasts Looking to the future, lithium demand is forecast to stand at *** million tons by 2025. This growth will be mainly driven by lithium-ion battery demand for electric vehicles. Demand is expected to remain the highest in China, which will consistently account for half of global lithium-ion battery demand.

In April 2023, the price of Lithium Carbonate was reported at $67,831 per ton (CIF, Japan), a 1.6% increase compared to the previous month.

In 2025, the price of ** percent lithium carbonate is projected to be around **** U.S. dollars per kilogram. Growing global lithium demandThere has been a steady increase in battery demand globally, which in turn becomes a strong driver of lithium usage in the future. However, producers have been unable to keep up with the demand. In 2025, global lithium demand is expected to reach ***** metric tons of lithium carbonate equivalent for non-rechargeable batteries. The 2018 annual average price of battery-grade lithium carbonate was ****** U.S. dollars per metric ton, increased from the ****** U.S. dollars in the previous year. Lithium demand by applicationLithium has many end use applications aside from batteries. For example, demand for lithium in ceramics is anticipated to reach ****** metric tons of lithium carbonate equivalent in 2025. Another example is that the demand for lithium in polymers is expected to grow to ****** metric tons of lithium carbonate equivalent by 2025, from the 2018 demand which was ***** metric tons.

In June 2023, the price of Lithium Carbonate was $46,148 per ton (CIF, Canada), experiencing a significant increase of 473% compared to the previous month.

Lithium-ion battery pack price dropped to *** U.S. dollars per kilowatt-hour in 2024, down from over *** dollars per kilowatt-hour a year earlier. Lithium-ion batteries are one of the most efficient energy storage devices worldwide. Over recent years, high-scale production and capital investment into the battery production process made lithium-ion battery packs cheaper and more efficient. This demonstrates a staggering demand for energy storage worldwide and could be attributed to the fact that the world is moving towards a renewable energy-based economy where electric vehicles play an increasingly large role. Electric vehicle sales Individuals, organizations, and governments aim to reduce their environmental footprint, as the awareness about the consequences of climate change becomes more widespread. To contribute to a greener society, they promote the growth of the electric vehicle market to make transportation more sustainable and less polluting. When it comes to the sales volume of electric vehicles, the trend is staggeringly positive. For instance, global plug-in electric light vehicle (PEV) sales have progressively increased since 2015, surpassing **** million units sold in 2023. Environmental impact Incorrect disposal of Li-ion batteries can have a devastating environmental impact on the environment, sparking the need for recycling. The global market for lithium-ion battery recycling is expected to reach **** billion U.S. dollars by 2030. This figure compares to around *** billion U.S. dollars in 2023.

Find out the United Kingdom's import price for lithium carbonate in November 2022 and how it compares to previous months. Learn about the major supplying countries and their prices.

In May 2023, the price of Lithium Carbonate was $13,739 per ton (CIF, Germany), experiencing a decrease of -30.6% compared to the previous month.

The statistic depicts the annual average price for ** percent LCE lithium chemicals worldwide from 2008 to 2014. In 2010, the average annual price for *** LCE lithium chemicals was **** U.S. dollars per kilogram. Increase in battery demand will be a strong driver of lithium consumption in the near future but producers are currently limited in their ability to match demands.

In March 2025, the average lithium carbonate import price amounted to $9,742 per ton, reducing by -3.4% against the previous month.

In February 2023, the lithium carbonate price amounted to $59,733 per ton (CIF, France), increasing by 42% against the previous month.

Why did the Lithium Hexafluorophosphate Price Change in July 2025? The Lithium Hexafluorophosphate Price Index in North America remained under downward pressure throughout Q2 2025 due to global oversupply, softened cathode demand, and weak battery material restocking behavior.

After two years of decline, the Kenyan lithium carbonate market increased by 15% to $3.1K in 2024. Over the period under review, consumption saw strong growth. Over the period under review, the market reached the peak level at $6.9K in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The lithium-ion storage batteries imported to the United States from China accounted for the lowest import price in 2024, at **** U.S. dollars per kilogram. On the contrary, lithium-ion storage batteries from Japan accounted for the highest import price that year.

In 2023, after two years of decline, there was significant growth in supplies from abroad of lithium carbonates, when their volume increased by 2,300% to 120 kg.

The futures price of cobalt ranged between ****** and ****** U.S. dollars per metric ton between August 2019 and May 2024. The impact of the COVID-19 crisis can be appreciated between March and July 2020, when cobalt futures prices dropped to around ****** U.S. dollars per metric ton. The first significant increase in this figure following the beginning of the pandemic was in August 2020, followed by a generalized increase throughout 2021 to the reach a peak of ****** U.S. dollars in March 2022. Futures vs. Spot prices Futures prices are delineated in futures contracts, which allow buying or selling a commodity at a predetermined price and date, helping investors forecast the market through futures prices. Almost ** billion futures contracts were traded worldwide in 2022. In comparison, spot prices indicate the current cost of buying a commodity. For example, the average cobalt spot price in the United States was ** U.S. dollars per pound in 2022. Cobalt in battery production Cobalt is a primary component of producing batteries, particularly lithium-ion batteries, used in various electronic devices, especially electric vehicles (EVs). EV batteries require a specific amount of cobalt, while conventional vehicles do not. With an increasing demand for lithium-ion batteries in EVs as the EV industry advances, the global cobalt market volume is expected to increase continuously by 2025.

The high energy density lithium-ion battery market is experiencing robust growth, driven by the burgeoning electric vehicle (EV) and energy storage system (ESS) sectors. The market's expansion is fueled by increasing demand for longer driving ranges in EVs and improved grid stability through ESS deployments. Technological advancements, particularly in cathode materials and cell designs, are pushing energy density levels beyond 500 Wh/kg, leading to smaller, lighter, and more powerful batteries. This translates to increased vehicle range, reduced charging times, and enhanced performance in various applications, including aerospace and portable electronics. While the initial cost remains a significant barrier, economies of scale and ongoing research are steadily reducing production costs, making these batteries more accessible and economically viable. The market segmentation reveals a significant share held by the EV and ESS sectors, with 300-500 Wh/kg batteries dominating the current landscape. However, future growth is projected to be largely driven by the increasing adoption of higher energy density batteries (above 500Wh/kg) in niche applications like aerospace and potentially in next-generation EVs seeking extended ranges. Geographic distribution reflects the strong presence of established battery manufacturers in Asia, particularly China, but significant growth is expected in North America and Europe, driven by government incentives and burgeoning domestic EV and ESS industries. Despite the positive outlook, challenges remain. Supply chain constraints, particularly concerning raw materials like lithium and cobalt, pose a significant risk to consistent market growth. Furthermore, concerns regarding battery safety, longevity, and the environmental impact of battery production and disposal need to be addressed to ensure sustainable market development. Competition is fierce, with established players like CATL and newer entrants vying for market share. Successful players will need to leverage technological innovation, secure reliable supply chains, and meet the growing demand for sustainable and safe high-energy-density battery solutions. Considering a conservative CAGR of 15% (a reasonable estimate given industry trends), and a 2025 market size of $50 billion (a plausible figure based on current market reports), the market is projected to reach approximately $150 billion by 2033.

Nickel rose to 15,325 USD/T on August 11, 2025, up 1.39% from the previous day. Over the past month, Nickel's price has risen 1.73%, but it is still 6.30% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on August of 2025.

The price of lithium-ion energy storage batteries imported from China to the United States has decreased over the last few years. Between 2021 and 2024, It dropped from an annual average of ***** to **** U.S. dollars per kilogram, making China the exporter of the least expensive storage batteries to the U.S. in 2024.

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Automotive Li-Ion Battery Market Size 2024-2028

The automotive li-ion battery market size is forecast to increase by USD 56 million, at a CAGR of 33.7% between 2023 and 2028.

The market is experiencing significant growth, driven by favorable government policies that promote the adoption of electric vehicles (EVs) and the increase in global production capacity. These factors create a favorable environment for market expansion. Additionally, advancements in battery technology, such as the development of high-energy-density batteries like lithium-sulfur batteries, offer promising opportunities for enhancing the performance and efficiency of EVs. However, challenges persist, including the need for more sustainable and cost-effective production methods for Li-ion batteries, as well as addressing safety concerns and ensuring reliable battery performance over extended periods.
Companies in the market must navigate these challenges to capitalize on the growing demand for EVs and maintain a competitive edge. The strategic landscape of the market presents both opportunities and obstacles, requiring careful planning and innovation to succeed.

What will be the Size of the Automotive Li-Ion Battery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The lithium-ion battery market continues to evolve, driven by advancements in technology and increasing demand across various sectors. Fast charging technology, a key market trend, is pushing the boundaries of battery performance and convenience. For instance, Tesla's Supercharger network enables electric vehicles (EVs) to recharge up to 80% of their battery capacity in about 30 minutes. Cell manufacturing processes are continually refined to improve battery energy density and capacity. Battery safety standards, such as thermal runaway prevention and short circuit protection, are increasingly stringent. For example, battery energy density has increased by 10% annually over the past decade, reaching over 300 Wh/kg in some laboratory tests.

Battery aging models, battery management systems, and cell balancing techniques are essential for optimizing battery life cycle and mitigating degradation mechanisms. Solid-state battery technology, with its potential for higher energy density and improved safety, is a promising development. Lithium-ion battery chemistry, anode material properties, and cathode material selection are critical factors in battery performance. The recycling process, including battery disassembly and material recovery, is gaining importance for sustainability and cost reduction. Second-life applications of used batteries are also emerging as a significant market opportunity. Electrolyte composition, thermal management systems, and overcharge prevention are essential for maintaining battery health and longevity.

Power density optimization and material characterization techniques are crucial for improving battery performance and reducing costs. The global lithium-ion battery market is expected to grow by over 20% CAGR in the coming years, driven by the increasing adoption of EVs and energy storage systems. The market's continuous dynamism underscores the importance of ongoing research and innovation in this field.

How is this Automotive Li-Ion Battery Industry segmented?

The automotive Li-ion battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Vehicle Type

  BEV
  PHEV


Geography

  North America

    US


  Europe

    Germany
    Norway


  APAC

    China
    Japan


  Rest of World (ROW)

By Vehicle Type Insights

The bev segment is estimated to witness significant growth during the forecast period.

The automotive lithium-ion battery market is witnessing significant growth due to the increasing demand for electric vehicles (EVs), including BEVs, PHEVs, and hybrid electric vehicles (HEVs). Li-ion batteries, composed of cathode materials like lithium (Li), cobalt (Co), and nickel (Ni), and anode materials including graphite, electrolytic solution, and separators, are the most common form of battery used in EVs. These batteries offer higher energy density than lead-acid or nickel-metal hydride batteries, enabling smaller battery sizes and retaining the same storage capacity. Companies are focusing on improving battery technology to enhance performance and safety. For instance, Nissan Motor Corp.

Offers high energy density automotive li-ion batteries for EVs. Fast charging technology is another key trend in the market, with companies such as Tesla, Inc. Investing in developing charging infrastructure to reduce charging times. Battery safety sta