When people hear about a new power source, the first thing that comes to their mind is how expensive batteries are. They wonder how they can ever afford to buy a battery charger. The reason why batteries are expensive is because they contain valuable metals like lithium. The cost of these metals is quite high.
The major components of a battery are graphite, cobalt, nickel, iron, manganese, and lithium. Cobalt and nickel are used for the positive pole of the battery. Cobalt is quite expensive. Nickel is also expensive because it is difficult to separate. Lithium has many uses.
It is found in almost everything, so the supply of lithium is plentiful. The amount of lithium used in the manufacture of a cell depends upon Lifepo4 Battery OEM how much energy you need. When you hear that lithium batteries are expensive, it is true. But there is a simple way to reduce the cost of your batteries. You can use a battery charger that does not use a lithium battery.
The LiFePO batteries that are available now cost $100 less than those that use a lithium battery. The cost of a battery is also reduced by using the latest materials.
This means that the battery has a longer life. Some manufacturers are even trying to create an entirely new battery which will last longer.