In 2023, the cost of lithium iron posphate battery cathodes amounted to **** U.S. dollars per kilowatt-hour (USD/kWh). Lithium carbonate accounted for ** percent of this figure, at **** USD/kWh. For nickel-manganese-cobalt batteries, lithium hydroxide accounted for roughly ** USD/kWh of the **** USD/kWh cathode cost.
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S&P Global. (March 4, 2024). Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 16, 2026, from /statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. "Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour)." Chart. March 4, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 16, 2026. /statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. (2024). Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 16, 2026. /statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global. "Cost of Active Materials Used for Lithium-ion Battery Cathodes in 2023 (in U.S. Dollars per Kilowatt-hour)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 4 Mar 2024, /statistics/1494286/battery-cathode-material-cost-by-component/
S&P Global, Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) ÌÇÐÄÆƽâ°æ, /statistics/1494286/battery-cathode-material-cost-by-component/ (last visited July 16, 2026)
Cost of active materials used for lithium-ion battery cathodes in 2023 (in U.S. dollars per kilowatt-hour) [Graph], S&P Global, March 4, 2024. [Online]. Available: /statistics/1494286/battery-cathode-material-cost-by-component/
