Battery Cost Index
Providing greater transparency into the cost of key Li-ion cell components
Volatile battery raw material prices, varying battery chemistries and differing manufacturing costs result in cell prices that appear opaque and subjective. This makes it difficult for market participants to budget effectively, anticipate price changes, bring transparency to transactions and effectively track cost changes over time.
The Fastmarkets Battery Cost Index is an easy-to-use cost model for total cell costs, including cost breakdown of active anode material (AAM), cathode active material (CAM), separator, electrolyte, other materials, energy, labor and operational costs across multiple chemistries and geographies. The Fastmarkets Battery Cost Index provides historical costs, changes over time and cell cost forecasts.
Key features of the Battery Cost Index
- Material and production costs for NMC (111, 532, 622, 811) and LFP
- Geographical cell cost summaries for China, South Korea, Germany and the United States
- Cell cost forecasts out to 2033
- Market-leading Fastmarkets price data to provide real-time CAM costs
- Written commentary on key drivers impacting cost and cost changes
- Historic monthly cell costs
Our battery cost index breaks down the cost, historical and forecast,
for different cell types and chemistries
We buy cathode material; this is a valuable tool to help us to understand how suppliers cost the cathodes, this can help us to have more informed negotiations.
Actionable insights and market intel on the battery materials market and how the cost of raw materials is impacting the cost of electric vehicles
Cobalt market dynamics are intensifying as the DRC’s export suspension fuels volatility, raises supply chain concerns, and impacts global pricing and investments
Read Fastmarkets’ monthly battery raw materials market update for March 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
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Liontown Resources is turning its mind to dealmaking to expand its focus beyond its Kathleen Valley lithium mine in Australia, the company’s chief executive officer told Fastmarkets.
ACE Green is revolutionizing the battery recycling industry by focusing on LFP recycling through innovative, modular, and low-capex technology.
Graphite producers in Southeast Africa, including Madagascar, Mozambique and Tanzania, are becoming key players as global demand shifts away from China. Despite challenges like infrastructure and competition, growing demand for large graphite flakes and downstream processing signals a promising future for the region by 2025
The Democratic Republic of Congo (DRC) has moved to impose a suspension on exports of cobalt for four months due to the low-price environment at the start of the year, according to documents seen by Fastmarkets and sources close to the situation.
The publication of Fastmarkets’ Chinese battery-grade lithium carbonate and hydroxide prices for Thursday February 20 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Read Fastmarkets’ monthly battery raw materials market update for February 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
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