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Jeremy Wrathall

US and UK discover lithium as IHS Markit projects battery price to fall below $100/kWh

The business intelligence firm has projected storage costs will continue their downward trajectory on the back of product and process optimization. That will favor a higher adoption rate in automotive and grid applications, the analysts say. Elsewhere, discoveries of lithium in the U.S. and the U.K. have raised hopes for lower raw material costs and more supply chain diversity.

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