# The price of Lithium **URL:** \ **Category:** General Discussion\ **Created:** [June 5, 2023, 2:52am UTC](https://community.cartalk.com/t/the-price-of-lithium/190984 "2023-06-05T02:52:37Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![old\_mopar\_guy](https://avatars.discourse-cdn.com/v4/letter/o/6bbea6/32.png) [@old\_mopar\_guy](https://community.cartalk.com/u/old_mopar_guy)\ **Post date:** [June 5, 2023, 2:52am UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/1 "2023-06-05T02:52:37Z")
The New York Times reported today that the price of Lithium has dropped 20% from January until today. This should result in a lower cost for batteries and a consequent reduction in the cost of electric vehicles. ---
**Author:** ![LoudThunder](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/loudthunder/32/27769_2.png) [@LoudThunder](https://community.cartalk.com/u/LoudThunder)\ **Post date:** [June 5, 2023, 5:12am UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/2 "2023-06-05T05:12:20Z")
> [@old\_mopar\_guy](#): > > This should result in a lower cost for batteries and a consequent reduction in the cost of electric vehicles. I would not count on them passing the savings onto us, the consumers… The corporate Execs are probably already counting their higher end-of-year bonuses due to the greater profits… ---
**Author:** ![Mustangman](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/mustangman/32/44130_2.png) [@Mustangman](https://community.cartalk.com/u/Mustangman)\ **Post date:** [June 5, 2023, 11:13am UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/3 "2023-06-05T11:13:07Z")
The price of lithium has increased by 900% since the end of 2021 so a 20% drop is nothing. > [@LoudThunder](#): > > I would not count on them passing the savings onto us, the consumers Tesla has been dropping the price of their cars for at least the last 6 months. ---
**Author:** ![cwatkin](https://avatars.discourse-cdn.com/v4/letter/c/59ef9b/32.png) [@cwatkin](https://community.cartalk.com/u/cwatkin)\ **Post date:** [June 5, 2023, 2:47pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/4 "2023-06-05T14:47:53Z")
I have noticed the price of many things dropping so maybe this inflation is about over with. That includes food which hasn’t really gone down in price but certain items are perpetually on sale now at price more like they used to normally cost. Copper is another one dropping. That is used in both electric cars and the infrastructure used to charge them. ---
**Author:** ![texases](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/texases/32/862_2.png) [@texases](https://community.cartalk.com/u/texases)\ **Post date:** [June 5, 2023, 4:00pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/5 "2023-06-05T16:00:32Z")
Here’s the last 5 years, in Chinese Yuan/ton. As mentioned above, the recent dip is after a huge increase: ![image](https://global.discourse-cdn.com/cartalk/original/3X/4/c/4c367ce67bbb5896a9f6c515168e35630912a47f.png) ---
**Author:** ![LoudThunder](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/loudthunder/32/27769_2.png) [@LoudThunder](https://community.cartalk.com/u/LoudThunder)\ **Post date:** [June 5, 2023, 4:48pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/6 "2023-06-05T16:48:23Z")
> [@Mustangman](#): > > Tesla has been dropping the price of their cars for at least the last 6 months. It’s not the Lithium price that is allowing the price to go down… Tesla cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world. Tesla has slashed prices in numerous markets worldwide to stay ahead of legacy U.S. competitors such as Ford Motor while it strives to catch up with various Chinese automakers. It’s all Market Economics. Like when Walmart moves into a new market location, the lower prices drives the competition out of business, or they get a much bigger market share… ---
**Author:** ![Mustangman](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/mustangman/32/44130_2.png) [@Mustangman](https://community.cartalk.com/u/Mustangman)\ **Post date:** [June 5, 2023, 5:23pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/7 "2023-06-05T17:23:43Z")
> [@LoudThunder](#): > > Tesla cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats That contradicts your own post… > [@LoudThunder](#): > > I would not count on them passing the savings onto us, the consumers… The corporate Execs are probably already counting their higher end-of-year bonuses due to the greater profits… I agree that competition is EV driving prices down. I disagree that this will result in higher profits for execs. ---
**Author:** ![MikeInNH](https://avatars.discourse-cdn.com/v4/letter/m/a587f6/32.png) [@MikeInNH](https://community.cartalk.com/u/MikeInNH)\ **Post date:** [June 5, 2023, 7:59pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/8 "2023-06-05T19:59:36Z")
Waiting for other type of batteries to hit the market. [Solid State Battery Tech For EV Cars: Challenges Lie Ahead (motortrend.com)](https://www.motortrend.com/features/solid-state-ev-car-batteries-challenges/) [Are Graphene Batteries the Future? (azonano.com)](https://www.azonano.com/article.aspx?ArticleID=6233) ---
**Author:** ![texases](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/texases/32/862_2.png) [@texases](https://community.cartalk.com/u/texases)\ **Post date:** [June 5, 2023, 8:05pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/9 "2023-06-05T20:05:44Z")
Lots of discussion about lithium, today’s WSJ has an article about the ‘nickel pickle’, the issues around producing nickel, which accounts for more GHG than lithium production. ---
**Author:** ![LoudThunder](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/loudthunder/32/27769_2.png) [@LoudThunder](https://community.cartalk.com/u/LoudThunder)\ **Post date:** [June 5, 2023, 9:17pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/10 "2023-06-05T21:17:18Z")
> [@Mustangman](#): > > That contradicts your own post… No, it’s all smoke and mirrors… The prices dropped so Tesla can grab a greater market share, make their cars more affordable, not because the price of lithium went down… > [@Mustangman](#): > > I agree that competition is EV driving prices down. I disagree that this will result in higher profits for execs. You wait and see. Bonuses are not just based on increased profits, but a whole gambit of factors, greater sale volume, thereby projected future events, total returns to shareholders, earnings per share, return on assets or similar benchmarks. Like I said, many, many factors, some not even definable… Remember all the hub-bub about investing in Derivatives, Still to this day, most economic analyst cannot define one… but folks make and lost fortunes based on them… This is one of the statements, where I say, “Wait for it…” LoL… ---
**Author:** ![Mustangman](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/mustangman/32/44130_2.png) [@Mustangman](https://community.cartalk.com/u/Mustangman)\ **Post date:** [June 5, 2023, 11:46pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/11 "2023-06-05T23:46:24Z")
> [@LoudThunder](#): > > You wait and see. Bonuses are not just based on increased profits I really don’t care what car company CEOs are paid. It doesn’t reduce my bank account in any way nor does it affect my life at all. ---
**Author:** ![TheWonderful90s](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/thewonderful90s/32/29584_2.png) [@TheWonderful90s](https://community.cartalk.com/u/TheWonderful90s)\ **Post date:** [June 6, 2023, 2:31pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/12 "2023-06-06T14:31:03Z")
The USD price of lithium ion batteries went up near the beginning of this year of our Lord 2023 for the first time. ---
**Author:** ![LoudThunder](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/loudthunder/32/27769_2.png) [@LoudThunder](https://community.cartalk.com/u/LoudThunder)\ **Post date:** [June 6, 2023, 3:23pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/13 "2023-06-06T15:23:43Z")
> [@TheWonderful90s](#): > > this year of your Lord Don’t be a trouble maker and if you are going to cast aspersions, get the quote right. “in the year of our Lord”… ---
**Author:** ![MikeInNH](https://avatars.discourse-cdn.com/v4/letter/m/a587f6/32.png) [@MikeInNH](https://community.cartalk.com/u/MikeInNH)\ **Post date:** [June 6, 2023, 6:42pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/14 "2023-06-06T18:42:39Z")
> [@LoudThunder](#): > > Don’t be a trouble maker and if you are going to cast aspersions, get the quote right. “in the year of our Lord”… Neither phrase is used much anymore outside of religious groups. ---
**Author:** ![TheWonderful90s](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/thewonderful90s/32/29584_2.png) [@TheWonderful90s](https://community.cartalk.com/u/TheWonderful90s)\ **Post date:** [June 6, 2023, 7:02pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/15 "2023-06-06T19:02:24Z")
I meant to say our Lord. I fixed it. The US Constitution uses this language! ---
**Author:** ![bing](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/bing/32/4619_2.png) [@bing](https://community.cartalk.com/u/bing)\ **Post date:** [June 6, 2023, 9:27pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/16 "2023-06-06T21:27:19Z")
Just as a side note, I mentioned there have been two house fires around here attributed to the batteries. Then our land fill caught fire and burned for a couple weeks before they could get it out. The fire Marshall believes it was due to disposal of lithium batteries. Regardless of the price, this can only worsen. ---
**Author:** ![LoudThunder](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/loudthunder/32/27769_2.png) [@LoudThunder](https://community.cartalk.com/u/LoudThunder)\ **Post date:** [June 6, 2023, 10:19pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/17 "2023-06-06T22:19:12Z")
> [@TheWonderful90s](#): > > I meant to say our Lord. I fixed it. The US Constitution uses this language! Yeah, when our forefathers, the framers of the constitution, used this method of dating, it was to show the divinity of this sacred document to establish the law of the land in this new nation. Not as you’ve used it, in a debatable display to add value to your moot point without rhyme or reason… So, here’s another use of an old expression, “Bless your Heart…” ---
**Author:** ![George\_San\_Jose1](https://avatars.discourse-cdn.com/v4/letter/g/e5b9ba/32.png) [@George\_San\_Jose1](https://community.cartalk.com/u/George_San_Jose1)\ **Post date:** [June 6, 2023, 10:43pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/18 "2023-06-06T22:43:21Z")
Folks can get a little touchy on the religion topic, probably the origin for the advice to never discuss religion or politics at a family gathering. I’ll risk violating this advice for the sake of a humorous story . A month or two ago I went a Good Friday church-related meeting, & happened to mention that many historians believe the paintings seen of the Savior on church alters are based on the shroud of Turin image. Totally innocent comment, thought it might be interesting, & pertinent to the day. . Apparently this theory isn’t widely believed, certainly didn’t go over well, had to leave quickly … lol … ---
**Author:** ![MikeInNH](https://avatars.discourse-cdn.com/v4/letter/m/a587f6/32.png) [@MikeInNH](https://community.cartalk.com/u/MikeInNH)\ **Post date:** [June 6, 2023, 11:30pm UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/19 "2023-06-06T23:30:13Z")
> [@TheWonderful90s](#): > > I meant to say our Lord. I fixed it. The US Constitution uses this language! It was actually added by a scribe after the constitution was voted on. No draft copies of the Constitution contain that wording. It was very common wording 200+ years ago. Really not used much since the mid to late1800’s. It’s like when someone sneezes and we say “God Bless You”. [The U.S. Constitution and “the Year of our Lord” (currentpub.com)](https://currentpub.com/2011/05/31/the-u-s-constitution-and-the-year-of-our-lord/) ---
**Author:** ![bing](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/bing/32/4619_2.png) [@bing](https://community.cartalk.com/u/bing)\ **Post date:** [June 7, 2023, 12:12am UTC](https://community.cartalk.com/t/the-price-of-lithium/190984/20 "2023-06-07T00:12:12Z")
I’m not much for art history and couldn’t tell one painting from another but most of those are just copies of what the famous painters were commissioned to do. Just their rendition. Nothing for anyone to get excited about… [Next page](https://community.cartalk.com/t/the-price-of-lithium/190984.md?page=2)