As of November 2022, lithium carbonate was the most expensive battery mineral worldwide, with a price of over 78,000 U.S. dollars per metric ton. Cobalt ranked second, commanding a price of around 46,900 U.S. dollars per metric ton. As the global electric vehicle market expands, battery minerals used in the production of lithium-ion batteries have seen steep price increases in recent years.
Most expensive battery minerals worldwide as of November 2022
(in U.S. dollars per metric ton)
Figures are based on the November 8, 2022 exchange rate of 0.138 U.S. dollars to one Chinese yuan.
*Manganese ore costs approximately four U.S. dollars per metric ton, but batteries use electrolytic manganese metal, which is a processed and refined form of manganese.
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Visual Capitalist. (November 16, 2022). Most expensive battery minerals worldwide as of November 2022 (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/
Visual Capitalist. "Most expensive battery minerals worldwide as of November 2022 (in U.S. dollars per metric ton)." Chart. November 16, 2022. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/
Visual Capitalist. (2022). Most expensive battery minerals worldwide as of November 2022 (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/
Visual Capitalist. "Most Expensive Battery Minerals Worldwide as of November 2022 (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 16 Nov 2022, https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/
Visual Capitalist, Most expensive battery minerals worldwide as of November 2022 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/ (last visited December 19, 2024)
Most expensive battery minerals worldwide as of November 2022 (in U.S. dollars per metric ton) [Graph], Visual Capitalist, November 16, 2022. [Online]. Available: https://www.statista.com/statistics/1350730/worldwide-most-expensive-battery-minerals/
