Qs stock price forecast futures market correlations imply the

Futures market correlations imply the qs stock price forecast could benefit from a weaker dollar scenario, as global battery partnerships attract overseas investors. While the EV battery market is growing, the cost of EV batteries has dropped significantly in recent years, as per S&P Global, mostly due to declining prices for essential components like nickel, cobalt, and lithium. However, over the coming years, prices are anticipated to stabilize. For instance, the price of lithium carbonate dropped from around $70,000 per metric ton to less than $15,000 in 2024, while the price of cobalt dipped from $70,000 per metric ton in 2022 to about $30,000. While the global average price is predicted to increase somewhat in the second part of the decade, S&P Global Mobility forecasts that nickel cobalt manganese (NCM811) cell prices in Europe will decline by more than 7% between 2024 and 2030. This is caused by a strained raw material supply chain and unsustainable low profit margins for certain suppliers. NCM811 cells are currently cheaper in Greater China due to increased local production, while they are more expensive in Europe. CrowdStrike Tests $412 Support as Options Traders Turn Bullish The qs stock price forecast has been notably impacted by volatility index spikes, signaling a possible overreaction to speculative headlines in the EV component space.