Impact of tripling battery-mineral and rare-earth prices, 2025

Last updated 24 Sep 2026

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Notes

3x refers to the final product price impact from tripling of battery critical mineral prices for EVs, and of rare earth element prices for ICE cars. ICE = internal combustion engine. Prices are the 2025 average material and product prices. The EV price refers to the average of the European and United States BEV prices in 2025.

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