Lithium fell to 75,907.59 CNY/T on September 4, 2025, down 2.07% from the previous day. Over the past month, Lithium's price has risen 6.61%, and is up 2.58% 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 September 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.

The 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 have 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 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.

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.

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 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.

Cobalt traded flat at 33,335 USD/T on August 28, 2025. Over the past month, Cobalt's price has remained flat, but it is still 37.18% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on September of 2025.

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

In 2021, a pound of cobalt cost around ** U.S. dollars. Comparatively, the price of a pound of iron stood well under one U.S. dollar, at around * cents. Lithium-ion batteries used in electric vehicles rely heavily on cobalt containing cathodes, but cobalt supply chain issues have inflated cobalt prices in the past years. With increasing sales of electric vehicles worldwide, the industry will need to look into other metal alternatives for vehicle batteries.

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.

Nickel rose to 15,280 USD/T on September 5, 2025, up 0.13% from the previous day. Over the past month, Nickel's price has risen 0.99%, but it is still 3.86% 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 September of 2025.

The automotive grade all-solid-state lithium battery (ASSB) market is poised for significant growth, driven by the increasing demand for electric vehicles (EVs) and the inherent advantages of ASSBs over traditional lithium-ion batteries. The higher energy density of ASSBs allows for extended driving ranges in EVs, a critical factor in consumer adoption. Furthermore, ASSBs offer enhanced safety features due to their non-flammable solid electrolytes, mitigating the risk of thermal runaway, a major concern with lithium-ion batteries. The market is segmented by application (Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs)) and battery energy density (700 Wh/kg and below, and 720 Wh/kg and above). While the 720 Wh/kg and above segment currently holds a smaller market share, its growth potential is substantial given ongoing research and development efforts focused on achieving higher energy densities. Companies like Talent New Energy are at the forefront of innovation, contributing to the market's expansion. Geographic distribution shows strong growth across North America, Europe, and Asia Pacific, particularly in regions with established EV infrastructure and supportive government policies. The market's expansion, however, faces challenges such as high manufacturing costs and the need for further technological advancements to achieve mass production viability and improve lifespan. Over the forecast period (2025-2033), the market will likely experience considerable expansion, driven by continuous improvements in technology and the escalating demand for longer-range, safer EVs. The current market size is estimated at $2 billion in 2025, reflecting a rapidly evolving landscape. Considering a conservative Compound Annual Growth Rate (CAGR) of 25% over the forecast period (2025-2033), the market is projected to reach approximately $20 billion by 2033. This growth trajectory is influenced by several factors, including increasing investments in R&D, government incentives promoting EV adoption, and the continuous improvement of ASSB technology addressing issues such as cost and scalability. The regional breakdown suggests a significant concentration of market share in Asia-Pacific due to the region's large EV manufacturing base and substantial government support. North America and Europe will also witness considerable growth, driven by increasing EV sales and a growing focus on sustainable transportation solutions. The market's success is contingent on overcoming current limitations, including cost reductions through economies of scale and the resolution of remaining technological hurdles to enhance durability and performance.

The high energy density lithium-ion battery market is experiencing robust growth, driven primarily 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 greater grid stability enabled by advanced ESS technologies. Technological advancements focusing on higher energy density (exceeding 450 Wh/kg and approaching 500 Wh/kg) are crucial for achieving these goals. While the 300 Wh/kg segment currently holds a significant market share due to its cost-effectiveness, the higher energy density segments (450 Wh/kg and 500 Wh/kg) are projected to witness the most significant growth in the coming years, driven by premium EV adoption and the need for high-performance ESS applications. The aerospace sector, though currently a smaller segment, represents a high-growth opportunity due to its stringent energy density requirements for prolonged flight durations in electric and hybrid-electric aircraft. Key players like CATL, Amprius, and EVE Energy are investing heavily in R&D and expanding production capacities to meet the growing demand. However, challenges remain, including the high cost of raw materials, supply chain complexities, and safety concerns associated with high-energy density batteries. These restraints are being mitigated through advancements in battery chemistry, improved manufacturing processes, and stricter safety regulations. The geographic distribution reveals strong growth in Asia Pacific, especially China, due to its large EV manufacturing base and robust government support. North America and Europe are also significant markets, particularly driven by increased EV adoption and government initiatives to promote renewable energy storage. The forecast period of 2025-2033 indicates a sustained compound annual growth rate (CAGR) leading to a substantial market expansion. This growth will be propelled by ongoing innovation in battery chemistry, such as solid-state batteries, which promise further increases in energy density and safety. Furthermore, advancements in battery management systems (BMS) will contribute to enhancing battery performance and lifespan, indirectly boosting market demand. The market segmentation reveals that while applications such as EVs and ESS currently dominate, the aerospace segment is poised for significant expansion, driven by the increasing adoption of electric and hybrid-electric aircraft. The competitive landscape is characterized by both established industry giants and emerging innovative companies, resulting in intense competition and continuous technological advancements, ultimately benefitting consumers through increased performance and potentially lower prices in the long run.

The global battery-grade iron phosphate (BGF) market is experiencing robust growth, driven by the escalating demand for lithium-ion batteries in electric vehicles (EVs), energy storage systems (ESS), and portable electronics. While precise market size figures for 2025 are unavailable, leveraging industry reports and considering a typical CAGR (let's assume a conservative 15% based on current market trends) from a base year, we can estimate a 2025 market value of approximately $5 billion. This substantial market size is further projected to expand significantly over the forecast period (2025-2033), with a continued strong CAGR driving growth in the coming years. The increasing adoption of renewable energy sources and government initiatives promoting electric mobility are key factors fueling this expansion. Segmentation analysis reveals that the power battery application segment holds the largest market share, followed by energy storage and 3C batteries. The powder form of BGF currently dominates the market, although liquid formulations are witnessing increasing adoption due to their enhanced processing capabilities. Key players like Ganfeng Lithium Group and LB Group are driving innovation and expansion in this sector, while emerging companies are also contributing to the market’s competitive landscape. The geographical distribution of the BGF market reveals significant regional variations. Asia-Pacific, particularly China, currently holds a dominant position, driven by the rapid growth of its EV and ESS sectors. However, North America and Europe are also witnessing substantial growth, fueled by increasing investments in renewable energy infrastructure and stringent emission regulations. The competitive landscape is characterized by a mix of established players and emerging companies. Established players leverage their experience and extensive supply chains, while new entrants are bringing innovation and cost-effective solutions to the market. The long-term prospects for the BGF market remain highly positive, driven by ongoing technological advancements, government support, and the expanding global demand for sustainable energy solutions. Ongoing research and development efforts focusing on improving the performance and cost-effectiveness of BGF will further enhance its market penetration and drive future growth.

Wearable Battery 150 Wh/kg Market Outlook

According to our latest research, the global market size for the Wearable Battery 150 Wh/kg Market reached USD 2.1 billion in 2024, demonstrating robust momentum driven by surging demand for high-performance, lightweight energy solutions in wearables. The market is forecasted to expand at a CAGR of 17.2% from 2025 to 2033, reaching an estimated USD 9.6 billion by 2033. This remarkable growth is primarily attributed to advancements in battery chemistry, increasing adoption of smart wearable devices across diverse sectors, and growing consumer awareness regarding health and fitness monitoring.

The primary growth driver for the Wearable Battery 150 Wh/kg Market is the explosive proliferation of wearable technology in everyday life. As consumers increasingly rely on smartwatches, fitness trackers, and medical monitoring devices, the demand for batteries that offer higher energy density without compromising on size or weight has intensified. The 150 Wh/kg battery segment, in particular, addresses the critical need for longer operational times and compact form factors, enabling device manufacturers to deliver more powerful, feature-rich products. Additionally, the integration of advanced sensors, wireless connectivity, and real-time analytics in wearables is pushing the boundaries of energy requirements, further fueling the need for high-capacity batteries.

Another significant growth factor is the rapid evolution of battery materials and manufacturing techniques. Innovations in lithium-ion and lithium polymer chemistries, as well as the development of flexible and thin-film batteries, have made it possible to achieve higher energy densities while maintaining safety and durability. These technological advancements are not only improving the performance of wearable batteries but also reducing production costs, making high-capacity batteries more accessible to manufacturers of both premium and mass-market devices. Moreover, the increasing focus on sustainability and the use of eco-friendly materials in battery production are aligning with regulatory requirements and consumer preferences, further propelling market expansion.

The healthcare sector is emerging as a pivotal contributor to the growth of the Wearable Battery 150 Wh/kg Market. The rising adoption of wearable medical devices for continuous health monitoring, remote patient management, and chronic disease tracking is creating substantial demand for reliable, long-lasting power sources. Wearable batteries with high energy density are essential for ensuring uninterrupted operation of critical medical devices such as glucose monitors, ECG patches, and smart inhalers. Furthermore, the ongoing digital transformation in healthcare, coupled with increasing investments in telemedicine and personalized healthcare solutions, is expected to drive sustained demand for advanced wearable batteries in the coming years.

From a regional perspective, Asia Pacific is poised to dominate the market throughout the forecast period, driven by the presence of major electronics manufacturers, rapid urbanization, and the rising popularity of connected devices among tech-savvy consumers. North America and Europe are also anticipated to witness significant growth, supported by robust R&D activities, high disposable incomes, and strong healthcare infrastructure. Meanwhile, emerging markets in Latin America and the Middle East & Africa are expected to offer new growth avenues, propelled by increasing smartphone penetration and growing awareness of health and wellness technologies.

Battery Type Analysis

The Battery Type segment of the Wearable Battery 150 Wh/kg Market encompasses lithium-ion, lithium polymer, flexible batteries, and other emerging chemistries. Lithium-ion batteries currently command the largest share due to their high energy density, long cycle life, and proven safety profile. These batteries are extensively used in smartwatches, fitness trackers, and medical devices, where consistent performance and reliability are paramount. The widespread adoption of lithium-ion technology is further bolstered by ongoing improvements in electrode materials, which are enabling even higher energy storage capacities and faster charging times.

Lithium polymer batteries are rapidly gaining traction, particularly in applications where flexibility, thinness, a

The Battery Grade Iron Phosphate (BGF) market is experiencing robust growth, driven by the escalating demand for energy storage solutions in electric vehicles (EVs) and grid-scale energy storage systems. The market's expansion is fueled by several factors, including the increasing adoption of EVs globally, stringent government regulations promoting renewable energy integration, and the inherent cost-effectiveness and environmental benefits of LFP batteries compared to other lithium-ion battery chemistries. Let's assume, for illustrative purposes, a 2025 market size of $15 billion and a Compound Annual Growth Rate (CAGR) of 15% for the forecast period 2025-2033. This implies substantial market expansion, reaching an estimated value exceeding $50 billion by 2033. This projection is based on conservative estimates considering the current market momentum and projected growth in related sectors. Several key trends are shaping the BGF market. These include advancements in battery technology leading to enhanced energy density and lifespan, a growing focus on sustainable and ethically sourced raw materials, and increased investments in research and development to improve manufacturing processes and reduce costs. However, challenges remain, such as potential supply chain disruptions related to raw material availability and geopolitical factors, as well as the need for continuous improvement in battery performance to meet the evolving demands of the EV and energy storage sectors. The competitive landscape is dynamic, with major players like LB Group, Ganfeng Lithium, CNGR, Guizhou Anda Energy Technology, and Guangzhou Tinci Materials Technology vying for market share through technological innovation and strategic partnerships.