Analyzing Price Elasticity of Supply and Demand for Battery-Essential Minerals: Insights from Recent Market Dynamics
摘要
With the rapid adoption of clean energy technologies, understanding the price responsiveness (or elasticity) of supplySupply and demandDemand for minerals essential to battery production has become increasingly important. Minerals such as lithium, cobaltCobalt, graphite, manganese, nickelNickel, and copperCopper play a pivotal role in the developmentLithium-ion batteries of lithium-ion batteriesBatteries, which are critical for electric vehiclesElectric Vehicles (EVs) (EVs) and renewable energy storage solutions. This study summarizes supply and demand elasticities from (Shojaeddini et al. in Resour Conserv Recycl 207, 2024 [1]) and ongoing analyses.