The global weighted average price for lithium ion cells fell to an over three year low in July mainly due to a continued decline in lithium and other key battery raw material prices so far this year. The latest global average cell price for lithium ion cells fell 4.8% month-on-month to $71.2 per kilowatt hours […]
> Concerns about access to phosphate, a mineral input for lithium iron phosphate (LFP) battery cathodes, are driving Chinese battery producers to invest in Morocco, where 70% of the known global rock phosphate reserves are located. Cell maker Gotion High Tech and battery chemicals producers Sichuan Yahua Industrial Group and Guangzhou Tinci Materials have all announced […]
> Benchmark Mineral Intelligence, specialising in battery supply chain research and insights, reports that 12.7GWh of new operational capacity entered operation in October 2025. Operational Capacity The grid-scale BESS market saw 12.7GWh of new capacity enter operations globally in October 2025, a y-o-y increase of 29%. China led new operational capacity with just under 8.8GWh of […]
> Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]
> Benchmark hosted its inaugural Giga Africa event in Marrakesh, Morocco in September, featuring delegates from across the battery supply chain. Over the many conversations and discussions held about Africa’s place in the global battery supply chain, several key themes emerged: Explore these topics in the words of Giga Africa’s expert speakers and panellists.
> The global weighted average price for lithium ion cell prices has dropped below $100 per kilowatt-hour for the first time in two years on the back of falling raw material prices. The latest average price from the Benchmark Lithium ion Battery Cell Price Assessment is $98.2/kWh, a 33% drop from the price in March last […]
> Tesla has begun using a new homegrown battery cell in its electric vehicles as chief executive Elon Musk said global supply chain shortages will likely move from semiconductors to battery cells. Tesla’s large-format 4680 cells are being installed in some Model Y midsize SUV produced in Texas, Musk said on Wednesday, with the hope that […]
> Benchmark Mineral Intelligence, specialising in EV supply chain research and insights, reports that 1.9 million electric vehicles were sold globally in October 2025. Rho Motion Data Manager, Charles Lester, commented: “Global EV sales reach 1.9 million units in October 2025, marking a 23% increase year-to-date. Europe led regional growth with a 36% year-on-year increase, driven […]
> India’s pipeline of cathode active material (CAM) production capacity is set to grow more than 50-fold over the next decade. Altmin, Himadri Speciality Chemical, and Epsilon Advanced Materials have the largest pipeline capacities in the country. Almost all CAM capacity under development in India is for LFP, both due to the popularity of the cathode […]