[Tade0]

One kWh of batteries generally requires around 200g of lithium. Both by weight and price it's a crucial, but small component, so unless it suffered a 10x hike, its price isn't relevant.

Meanwhile LiFePO4 batteries, which are currently the most popular chemistry(at least in China), contain no cobalt whatsoever.

[wpietri]

Other analysts differ on whether these things will impact the retail price. But you make my point for me: this is an extremely complex problem, and making any simple assumption about future price is a mistake.

[AtlasBarfed]

Or Nickel, the other limiting factor to top-end batteries.