The prices of raw materials involved in the production of batteries will have a significant upward trend for the second quarter of 2022, revealed a report from energyjet.
According to the Peruvian corporation dedicated to the production of batteries, in the last half of 2021, the prices of tin, lead and other base metals that are listed on The London Metal Exchange (LME) showed increases due to the container crisis and the energy crisis.
Thus, the price between January 2021 and January 2022 went from US$2,020 TN to US$2,350 TN on average. This led to scenarios of hoarding and price increases of up to 15% as purchase value, and the same trend of increasing in the second quarter was projected for 2022 with percentages still uncertain.
Meanwhile, the prices of base metals have registered high volatility, going to values that oscillate between US $2,328 and US $2,230 only in the first quarter of 2022.
“After two difficult years for the industry, the demand for auto parts began to recover showing a favorable curve at the end of 2021. However, the start of the war between Russia and Ukraine has begun to generate a negative impact for the sector , increasing the costs of elements such as fuel and other elementary parts for the manufacture of bodies and auto parts”, explained José Camargo, leader of the Enerjet research and development area.
Russia is one of the world’s largest exporters of raw materials used in the automotive industry. Given the economic restrictions imposed on the nation of Vladimir Putin, the cost of supplies for the manufacture of automobiles and other products is expected to increase.
International companies in the automotive industry such as Lada, Ferrari, BMW, Porsche or Volkswagen have already stopped their production due to the shortage of supplies in their plants.
“So far this year, battery sales are off to a pretty slow start. That is why, despite the situation of conflict between Russia and Ukraine, growth of 20% is expected compared to 2021, especially for the last stage of the year”, revealed Camargo.
Source: Larepublica
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