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

An oversupply of cobalt and a subsequent price slump have led to trader and producer Glencore considering stockpiling and curtailing production of the blue metal, the company said during its earnings call on Tuesday August 8

Developments in the science and technology underpinning silicon-base anode materials have allowed them to reach mainstream commercial viability, according to Gleb Yushin, chief technology officer and co-founder of US-based Sila Nanotechnologies

Join us for the Fastmarkets European Battery Raw Materials Conference in Amsterdam. Don’t miss out on a packed agenda. Find out some key reasons to attend

US-headquartered lithium producers Albemarle and Livent are expecting lithium spot prices to recover from the weakness seen in recent months, because they foresee a brighter demand picture for the remainder of the year

Despite considerable progress in the year since the passage of the US Inflation Reduction Act (IRA), investment related to the legislation has slowed and its ultimate effectiveness remains to be seen, the vice president and director of the Securing America’s Future Energy (SAFE) Center for Critical Minerals Strategy said

Australia-based graphite miner Syrah Resources has signed two binding offtake agreements with Graphex Technologies, a multinational purified spherical graphite producer, and Westwater Resources, a US-based junior graphite anode producer, the miner said on Thursday August 3

Albemarle has increased its revenue outlook for 2023 partially due to expectations of improving lithium prices, although some analysts expect the lithium market will be oversupplied in upcoming years

Recently approved at the European Parliament, a new legislation that sets rules for batteries used in electric mobility devices is an important policy step to secure supply chains, though not necessarily ground-breaking, according to analysts and market participants

Growth in the lithium market could lead to a significant increase in the supply of tantalite once new lithium projects come on stream, according to market participants

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