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
Artistic vision of a neon lit battery supply

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.
EV battery procurement, OEM
Read the latest battery raw materials insights

Actionable insights and market intel on the battery materials market and how the cost of raw materials is impacting the cost of electric vehicles

Imports of Russian cobalt into the US are to face an increased tariff of 45%, which will come into effect after President Biden signs a bill passed by US Senate overnight to suspend normal trade relations with Russia and Belarus

An industry expert has warned that in the next ten years demand for high-purity manganese is likely to exceed supply unless more attention is paid to the battery-grade metal

Get your copy of the Fastmarkets’ BRM risk matrix to understand the ten greatest risks to the battery raw materials market and global EV growth

Availability concerns on certain materials and in specific regions have been supporting the emergence of a premium for alloy-grade cobalt against standard-grade material, compounded by the backdrop of the Russia-Ukraine war and its potential effect on flows of Russian cobalt

A bullish long-term outlook for lithium has resource-rich Argentina looking to incentivize bringing more projects into the country over the next three years to meet soaring global demand for the battery raw material

A ruling by a court in the Democratic Republic of Congo (DRC) placing a temporary administrator in charge of China Molybdenum’s cobalt mine in the country could have significant implications for the cobalt hydroxide market, sources have told Fastmarkets

Cobalt market participants have reported that this week’s Russian invasion of Ukraine will compound the tightness in availability of units in the spot market while some opt to steer clear of handling Russian material

Why the most common lithium pricing mechanisms don’t serve the strategic aims of the EV market

The launch of this exchange-traded commodity will be one of the first exchange-traded products offering carbon-neutral nickel

More Fastmarkets products to help you

Keep on top of volatility with battery materials news and intel

Trade on market-reflective prices

Access critical short- and long-term forecasts in a new generation of energy markets

Gain a competitive edge in the emerging battery recycling market

Battery raw materials events give you a front-row seat to one of the most dynamic and critical markets in today’s economy

Enable risk management using futures contracts