Reference price of regular lithium battery packs in Finland

Does Finland have lithium ion batteries?

Finland is one of the few European countries where the ground contains all the key minerals needed to make lithium-ion batteries: cobalt, nickel, lithium and graphite.

How much does a lithium ion battery cost?

The electric vehicle market, the primary driver for lithium-ion batteries, grew more slowly than in previous years but still showed the lowest price at $97 per kWh. Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China.

How much does a lithium battery cost in China?

Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China. Regionally, the average prices of lithium battery packs were lower in China, at $94 per kWh, while prices in the U.S. and Europe were 31% and 48% higher, respectively.

How many tonnes of lithium are there in Finland?

The so-called Monte Carlo simulation estimate indicates that the undiscovered stocks contain, with a 50% probability, at least 510,000 tonnes of lithium. More than 90 per cent of the estimated undiscovered lithium resources in Finland are located either in the immediate vicinity of Kaustby or in the surrounding larger Järvi-Pohjanmaa area.