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

General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world

Australia-based cobalt and nickel supplier Jervois Global has delayed the start of commercial production of cobalt concentrate at its mine in the US state of Idaho, it said in a quarterly update on Monday January 30

The recent collapse of hopeful UK electric vehicle battery manufacturer Britishvolt has left the future of both the domestic battery and car industries shrouded with doubt

Northern Graphite plans to fast-track the growth of its huge battery anode material (BAM) project in North America through partnerships and by keeping costs low, chief executive officer Hugues Jacquemin has told Fastmarkets

Tesla expects tax credits from the US Inflation Reduction Act (IRA) to be worth $150-250 million per quarter this year to the automaker and increase through the year as its car volumes grow, according to the company’s chief financial officer

Spot market premiums for nickel products showed mixed fortunes in Europe and the US in the week ended Tuesday January 24, with briquette premiums in both regions moving downward on a shift in sentiment

Albemarle has continued to shift its lithium sales to long-term variable contracts and away from spot contracts, with a focus on strategic customers through the battery supply chain, according to the president of the company’s energy storage division

Despite having the world’s largest known resources of lithium, Bolivia has been seriously lagging in its ability to turn them into resources for commercial development. But that could all be about to change.

Fastmarkets looks ahead to 2023 and beyond at some key predictions for the battery materials market as the world continues to strive towards a new generation of energy markets

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