Global Energy Storage Market Weekly Report: Lithium Price and Battery Cost Tracking (Bernstein)
Bernstein's weekly global energy storage market report focuses on tracking key commodity and battery prices.
Bernstein's weekly global energy storage market report focuses on tracking key commodity and battery prices. Data shows that the spot price of lithium carbonate (Li2CO3) is US$20,879/ton, while the spot cost of LFP battery pack is US$76/kWh. The report also provides the valuation and performance of major battery manufacturers such as CATL, LGES, and Samsung SDI. This report is data/factual and aims to provide investors with a benchmark for market pricing. The implicit conclusion is that lithium prices and battery costs are currently in a relatively stable range after experiencing fluctuations, which provides a basis for profit expectations in the energy storage and electric vehicle industries. One-sentence conclusion: The current stability of lithium prices and battery costs has provided support for the profitability predictability of the downstream energy storage and electric vehicle industries, and market sentiment has stabilized. Pros/Cons: Positives: Stable battery costs benefit downstream OEMs and energy storage system integrators. Negative: Stable lithium prices mean that the excess profit stage for lithium miners may have passed. Catalysts: 1) Pay attention to the price trends of key metals such as lithium, cobalt, and nickel; 2) The results of mid-year price negotiations between major battery manufacturers and car companies; 3) Global energy storage project bidding prices and installation data.