Is The Era Of Ever-Cheaper Lithium Batteries Over? ...Middle East

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Is The Era Of Ever-Cheaper Lithium Batteries Over?
Lithium, a mineral used in batteries to power electric vehicles, smartphones, laptops, and all sorts of gadgets, has surged to a record high this year as the world pushes forward with a 'green' future. But in the process of decarbonizing the global economy, battery prices, for the first time since BloombergNEF began tracking the market in 2010, have risen on an annual basis.  After a decade of deflation, the volume-weighted average price of lithium-ion battery packs across all industries increased to $151 per kilowatt-hour in 2022, a 7% increase…

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