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

Warmer sentiment for lithium and nickel prices in Asian markets was not able to attract more buying interest for black mass from South Korean buyers in the week ended Wednesday March 13, due to continued thin margins at recyclers, according to market sources

Spot lithium prices in China’s domestic market remained on an uptrend in the week to Thursday March 14, following the strong futures market and rising spot offer prices, while market participants noted sporadic restocking activities

Ontario-based battery recycling company Li-Cycle announced that the company had received a $75 million investment from Glencore, building on previous investments and their existing long-term partnership

The global lithium industry urgently needs to continue to invest in production capacity in the US to meet incoming demand, despite the current depression in global lithium prices, according to the top executive of Standard Lithium

The recent decline in spot copper concentrates treatment and refining charges (TC/RCs) is startling, with Fastmarkets’ indices falling 38.87% month on month to a record low in February and still falling. But what lies behind the slump, and can anything be done to halt the slide? Fastmarkets investigates

Lithium-rich South America has come to an impasse in developing new projects that will help supply the global energy transition, amid new governments taking office and regulation uncertainties, Fastmarkets has heard

Car manufacturers have recently announced investments totalling more than 117 billion Reais ($23.48 billion) in Brazil for the production of cars that use decarbonization technologies, with a focus on hybrid models

Liontown Resources is just months away from first lithium production at its Kathleen Valley project in Australia, but an accelerated expansion is not very likely to happen, chief executive officer Tony Ottaviano told Fastmarkets in an interview.

The sharp correction in lithium prices has been driven by a decline in demand rather than supply over-build, particularly given that projects are already being curtailed, deferred or capacity cut, the chief executive officer of Australia-based Liontown Resources said

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