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What's Behind Booming Battery Prices?What's Behind Booming Battery Prices?
Battery prices rose nearly 10% from April 2021 to April 2022. Here's a look at some of the materials behind the run-up.
May 17, 2022
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Image courtesy Cagkan Sayin / Alamy Stock Photo
The price of everything seems to be going up these days, and that includes batteries. The producer price index for battery manufacturing jumped 9.7% from April 2021 to April 2022, according to the FRED database from the Federal Reserve Bank of St. Louis.
A recent episode of The Catalyst with Shayle Kann, a podcast about the future of decarbonization, pointed to one factor that's having an outsize impact: the price of metals used in batteries.
We took a closer look at six metals used in lithium-ion batteries to see just how much prices are up.
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