Lithium price: Europe EVs now use 57% more LCE
Thursday, November 14, 2019 - 11:01:02 AM
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According to Mining News Pro - On Monday, China’s automobile manufacturing industry body said fewer new energy vehicles, or NEVs as they are termed domestically, could be sold this year than in 2018 (last year sales boomed by more than 60%).

Sales of NEVs – which apart from battery-powered vehicles also include hybrids and fuel cell cars – fell by more than 45% in October from the same month last year, adding to the woes of an industry coping with 16 straight months of declining overall sales.

Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold around the world and the slowdown in the EV market, where lithium-ion batteries dominate, has already showed up in raw material deployment data.

In September 2019, the average new passenger EV including plug-in and conventional hybrids sold globally contained 12.2 kilograms of lithium carbonate equivalent (LCE), a modest increase of 4% over 2018, according to the latest Adamas report.

The Toronto-based research company’s data shows China still outstripped global growth in September with a 7% increase in LCE on a per-EV basis, reaching a sales-weighted average of just shy of 20kg thanks to the prevalence of full electric models in the country.

That’s in stark contrast to Japan, where hybrids represent more than 90% of EV sales and average batteries contain only 1.1kg of LCE. Changes to China’s EV incentive program favour hybrids so lithium loads may start to tend downwards in that country too.

The changing mix of EV sales is most noticeable in Europe where the average battery in new passenger EVs sold in September contained 15.8kg of LCE.

That constitutes a 57% surge compared to last year, thanks in no small part to the popularity of the Tesla Model 3 on the continent. Teslas have always had bigger batteries than competitor cars to help with fast-charging and range.

In the US the trend is in the opposite direction – with passenger EVs leaving showrooms containing on average 15.2kg of LCE, 12% less than in September 2018.


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