Nickel-Based Batteries Dip in Popularity as Alternatives Emerge

Nikel, lithium, and cobalt’s popularity in the battery manufacturing industry has started to wane since last year. Reportedly, lithium and nickel commodities have dropped by around 70 percent and 40 percent, respectively.

Ibeth Nurbaiti

31 Jan 2024 - 17.02
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Nickel-Based Batteries Dip in Popularity as Alternatives Emerge

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Bisnis, JAKARTA — The emergence of several alternative materials as raw materials for electric vehicle (EV) batteries makes the industry’s competition increasingly tight.

Nikel, lithium, and cobalt’s popularity in the battery manufacturing industry has started to wane since last year. Reportedly, lithium and nickel commodities have dropped by around 70 percent and 40 percent, respectively.

Recently, lithium ferro phosphate or LFP batteries went viral as battery raw materials after having been raised in the latest vice presidential debate on Sunday (20/1/2024).

While discussions about LFP batteries are still ongoing, a new competitor for NMC (nickel manganese cobalt) batteries has emerged, namely sodium-ion batteries, which offer significantly lower prices.

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Editor: Yanita Petriella
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Nickel-Based Batteries Dip in Popularity as Alternatives Emerge

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