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

Luxembourg-headquartered Wave Nickel is investing close to $300 million to make nickel-cobalt mixed hydroxide precipitate (MHP) in Midwestern Brazil with a new proprietary microwave technology, it told Fastmarkets

Chinese lithium producer Tianqi Lithium plans to establish a battery-grade lithium hydroxide project with capacity of 30,000 tonnes per year in Zhangjiagang, Suzhou in China’s Jiangsu province, the company said on Friday May 12

The graphite electrodes markets in China remained quiet in the two weeks ended Wednesday May 10 due to slow liquidity resulting from weak steelmaking sectors both at home and abroad

Tesla’s $1 billion project aims at increasing the carmaker efforts of producing battery-grade lithium hydroxide domestically in the United States to serve the growing North American e-mobility market, the company said

China’s lepidolite production on a lithium carbonate equivalent (LCE) basis accounted for 12.2% of global lithium production in 2022 and is forecast to account for more than 15% of global lithium production in 2032

UK-based Watercycle Technologies and precious metal recovery specialist RSBruce Metals & Machinery have extracted commercial-grade lithium and almost 100% pure graphite from spent electric vehicle (EV) batteries, they announced on May 2

The US is lagging in its ability to collect and process lithium-ion batteries, contributing to a massive impending deficit in the domestic supply of lithium that is needed to meet demand for electric vehicles (EVs)

Glencore and major battery recycler Li-Cycle intend to build a hub in Italy which was expected to be Europe’s largest source of recycled battery-grade lithium, the two firms said on Tuesday May 9

Global lithium miner Allkem and its peer Livent Corp have signed a definite agreement to combine in an all-stock merger

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