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)
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Other statistics that may interest you Battery minerals worldwide
Overview
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Reserves
5
Production
6
- Premium Statistic Global cobalt mine production 2010-2023
- Premium Statistic Global graphite mine production 2010-2023
- Basic Statistic Global lithium mine production 2010-2023
- Premium Statistic Global manganese mine production 2011-2021
- Premium Statistic Global nickel production volume from mines 2010-2023
- Premium Statistic China's share of global energy transition-relevant minerals processed 2020
Political stability
5
- Premium Statistic Production volume of cobalt globally 2021, by political stability of producers
- Premium Statistic Production volume of graphite globally 2021, by political stability of producers
- Premium Statistic Production volume of lithium globally 2021, by political stability of producers
- Premium Statistic Production volume of manganese globally 2021, by political stability of producers
- Premium Statistic Production of nickel globally 2021, by political stability of producer countries
Consumption
6
- Premium Statistic Mineral composition of lithium-ion batteries 2018
- Basic Statistic Global clean energy technology demand growth index for battery-related minerals 2040
- Premium Statistic Global share of cobalt demand 2022, by end-use
- Basic Statistic Forecast nickel demand worldwide, by renewable energy sector and scenario 2020-2040
- Basic Statistic Global share of nickel consumption for batteries 2015-2022
- Premium Statistic Global share of rare earth element consumption for batteries 2016-2021
Electric vehicles
2
Trade and prices
4
- Premium Statistic Global EV battery material leading exporting nations based on value 2020
- Premium Statistic Global trade value forecast of select mineral commodities 2019-2030
- Premium Statistic Leading battery minerals worldwide 2022, based on highest price
- Premium Statistic Battery cathode material price worldwide 2015-2021
Environmental impact
4
- Premium Statistic Forecast cumulative global mineral extraction and processing emissions 2050, by type
- Premium Statistic Weight of metal in lithium-ion batteries 2020
- Premium Statistic Raw materials recoverable from lithium-ion battery recycling by mineral 2030
- Premium Statistic Production of lithium environmental footprint by mineral source
Outlook
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- Premium Statistic Estimated global market value of selected critical materials 2027-2030
- Premium Statistic Global projected growth in metal demand for battery production 2028
- Premium Statistic Forecast share of global mineral demand for energy storage by type 2050
- Premium Statistic Global estimated demand for energy transition relevant metals 2030-2050
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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 March 28, 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 March 28, 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: March 28, 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 March 28, 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/