Earlier quoted context omitted.
Raw lithium is a small fraction of the cost of battery, using recent costs your looking at ~4% of total battery price from low purity lithium. People focus on it because of the name rather than nickel-cobalt-manganese or whatever the specific chemistry actually used. They also confuse mining costs with manufacturing costs when looking at ultra pure lithium ready for use in batteries but that’s like conflating the cos…
Cathode material is half the cost of a lithium battery. Manufacturing is only 24%. https://www.visualcapitalist.com/breaking-down-the-cost-of-a...
Also, the cost of a battery cell isn’t the cost of a battery pack, let alone the cost of all the associated equipment, land, installation, etc needed for grid scale batteries which is what matters here.