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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.
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
Europe’s battery industry is being urged to prioritise energy storage systems over electric vehicle competition with China, as rising AI-driven power demand and grid pressures highlight the need for scalable storage solutions.
Learn how Fastmarkets price assessments enable derivatives trading, risk management and investment in battery raw materials markets during the energy transition.
Nano One, a Canadian process technology company focused on cathode materials for lithium-ion batteries, announced the installation of a proprietary agitator in its 20,000-liter One-Pot reactor based in Candiac, Canada, on August 20.
The DRC cobalt export ban has continued to reduce China’s cobalt intermediate imports in July 2025, driving tighter supply and higher prices. Meanwhile, Chinese cobalt metal exports remained stable despite ongoing market disruptions.
Global lithium-ion battery recyclers are grappling with a severe feedstock shortage, driving up competition for scrap and impacting production capacity. The situation is affecting pricing trends for black mass and battery metals across Europe, Asia and the US.
California-based lithium-sulfur battery-maker start-up Lyten has entered a binding agreement to acquire the remaining Swedish and German assets of failed Swedish battery-maker Northvolt, the US company said late on Thursday August 7.
CME lithium hydroxide futures reached record volumes in July 2025, reflecting strong market momentum and shifting price structures driven by Chinese supply disruptions. Global exchanges are playing a larger role in shaping lithium trading trends.
Spodumene production in Australia and Canada rose in the second quarter of 2025, with most producers maintaining profitability despite falling prices. However, several high-cost operations remain inactive amid ongoing market uncertainty.
Electra Battery Materials Corp announced on Thursday July 31 that it is starting metallurgical testing on cobalt feedstocks at its historic Cobalt Camp in Ontario and at its Iron Creek, Idaho cobalt and copper project to expand North American supply of critical minerals contained in lithium-ion batteries for electric vehicles (EVs).
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