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

Lithium-ion battery recyclers must resist short-term thinking and hold their nerve to navigate the challenges facing their sector, Elliott Ethridge, vice president of global sales at major recycling firm Ecobat, told Fastmarkets in an interview

Battery-grade iron phosphate prices in China turned lower again in the week to Friday January 5, with oversupply and weak demand forcing some sellers to lower prices aggressively to boost sales

China’s lithium prices resumed their downtrend in the week to Thursday December 21 amid continued tepid appetite from consumers, with a softening futures market contributing to further weakness in the spot market, sources told Fastmarkets

While the downstream electric vehicle market witnessed spectacular sales and output growth in November, the upstream battery raw materials prices continued to experience bearishness amid slow buying and increasing capacity

As the electric vehicle (EV) revolution accelerates, battery makers find themselves at the forefront of a burgeoning industry but an industry not without its challenges

As the demand for battery materials continues to grow, those in procurement are facing a huge challenge: making sure they can get a steady and reliable supply of battery materials

In the ever-expanding world of electric vehicles (EVs), industry players face three key challenges; securing a reliable supply of battery materials, determining the most cost-effective battery chemistry and navigating the impact of current price momentum on profit margins.

Lithium iron phosphate (LFP) batteries are expected to take the largest market share in the next 10 years, driving the need for more pricing transparency across the chemistry’s supply chain

South Korea plans to reduce its reliance on countries such as China when it comes to sourcing materials – including critical minerals such as graphite and rare earths – to avoid potential supply chain disruptions.

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