Battery raw materials

Prices, news and analysis for the commodities used in EV and ESS batteries

The critical materials used in manufacturing batteries for electric vehicles (EV) and energy storage systems (ESS) play a vital role in our move towards a zero-carbon future.

Fastmarkets’ battery raw materials suite brings together the vital commercial insights, data and analytics that you need to help you make accurate forecasts, manage inventories and price risk, benchmark costs against your peers’ and balance the costs and benefits of sustainability.

Our customers get access to in-depth price data and short- and long-term forecasting and analysis for the following raw materials:

We continue to expand our coverage as the global BRM market and the needs of the consumer evolve.

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Fastmarkets’ battery raw materials products give market participants and investors the transparency and clarity to make critical and strategic business decisions.

Trade on market-reflective prices

Validate your price, supply and demand forecasts for 1-2 years in the future

Access critical long-term forecasts for the next 10-15 years

Gain a competitive edge in the emerging battery recycling market

Providing greater transparency into the cost of key Li-ion cell components

Enable risk management using futures contracts

Find a battery raw materials price
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Key prices

  • Lithium Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price cif China, Japan & Korea, $/kg (MB-LI-0027)
  • Lithium Spodumene min 6% Li2O, spot price, cif China, $/tonne (MB-LI-0012)
  • Lithium Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, $/kg (MB-LI-0029)
  • Lithium Lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea, $/kg (MB-LI-0033)
  • Cobalt Cobalt standard grade, in-whs Rotterdam, $/lb (MB-CO-0005)

Find out how we assess and forecast prices in agriculture, forest products and metals

What’s happening in the battery raw materials market?

Our team of senior analysts and price researchers provide battery raw material prices, forward-looking reports and analysis of the market conditions. Get up-to-speed with our battery raw material prices, news, trends and forecasts.

India should invest to avoid its dependance on imports for almost 100% of its cobalt, lithium and nickel requirements, according to a report by the think tank Institute for Energy Economics and Financial Analysis (IEEFA). But slow government action and a focus on short-term costs keep India reliant on imported critical minerals, sources told Fastmarkets.

Li-Cycle has successfully closed on an upsized loan from the US Department of Energy (DOE) to support the development of the its Rochester Hub Project, the company announced alongside its third-quarter earnings report on Thursday November 7.

Read Fastmarkets’ monthly battery raw materials market update for November 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more

Donald Trump’s second term as US president is not likely to have too much of an impact on China’s electric vehicle (EV) and new energy markets, despite broader concerns over potential tariff hikes which might bring challenges to both China and the US, sources told Fastmarkets on Thursday November 7.

As the dust settles in Washington and Americans wake up to news that Donald Trump is once again president-elect, participants in the cobalt market discuss the wider ramifications on a crucial coming four years for the electric vehicle (EV) industry.

Spodumene prices rose on Wednesday November 6 as Chinese lithium producers restocked, but news of the US election result late in the session weakened sentiment.

Browse our resource hub for Fastmarkets’ battery raw materials insights and forecasts, as well as additional checklists and ebooks to complete your toolkit for success.

Upcoming events

February 25-26, 2025 | Shanghai, China
Pudong Shangri-La Hotel
Place yourself at the epicentre of EV excellence and ESS innovation in the BRM industry’s heartland.
Fastmarkets is returning to Shanghai in 2025, assembling the key opinion leaders, government representatives and innovators impacting the future of China’s battery raw materials supply chain in 2025 and beyond.

2025年2月25-26日 | 中国,上海
置身全球电池材料核心大国,领略中国电动汽车与储能行业的发展成果及市场潜力!Fastmarkets将于2025年2月重返中国上海,携手中国五矿集团共同举办电池材料会议。届时,会议将邀请国内外电池产业链专家学者、头部企业代表和政府官员共同探讨动力电池行业时下热点与市场前景,分享行业最前沿技术、创新成果,推动动力电池行业协同发展,完善并提升产业链。

April 7-9, 2025 | Seoul, South Korea
Grand Hyatt Hotel
Fastmarkets Asian Battery Raw Materials & Recycling Conference is a must-attend event for anyone involved in the battery supply chain. Held in the heart of the battery materials industry, Seoul, this conference offers a unique opportunity to connect with key players from the mining, refining, recycling, and automotive sectors.

June 23-26, 2025 | Las Vegas, USA
2025 Theme: The energy revolution: Powering tomorrow

Meet some of the team behind our battery materials insights and intelligence
Fastmarkets combines the commodity intelligence of these familiar names:

Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • FastMarkets and more