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

Carmakers Tesla and Audi have participated in a project to establish the digital twin of a physical battery for electric vehicles (EVs) by showing its sustainability credentials through the supply chain

The descent of UK-based battery manufacturer Britishvolt into administration this week is a timely reminder that the path to achieving the electrification of mobility and the broader energy transition is not going to be easy

Cobalt forward contracts on the Chicago Mercantile Exchange (CME) hit new highs for volume and open interest during trading on Tuesday January 17

Chinese lithium prices continued to decline in the week to Thursday January 12, pressured downward by persistently low demand, while spot trading slowed further ahead of China’s Lunar New Year holiday.

UK-based battery start-up Britishvolt has entered administration procedures because it had insufficient equity funds to continue with construction plans, it announced on Tuesday January 17

China’s automobile output and sales edged upward in 2022 from a year earlier, supported by the government’s policy to halve the purchase tax on vehicles as well as other policies aimed at promoting consumer activity

The graphite anode industry is becoming more competitive due to evolving market dynamics and falling costs for synthetic anode, against the backdrop of weaker demand, while there is increasing localization of natural graphite

The mining sector will need to get over its reticence to operate in jurisdictions with high-risk profiles in order to achieve the growth required for the move to a new generation of energy markets

Saudi Arabia’s sovereign wealth fund has joined forces with the country’s state-owned mining firm to create a company that invests in mining assets globally in the transition to a new generation of energy markets

More Fastmarkets products to help you

Keep on top of volatility with battery materials news and intel

Trade on market-reflective prices

Access critical short- and long-term forecasts in a new generation of energy markets

Gain a competitive edge in the emerging battery recycling market

Battery raw materials events give you a front-row seat to one of the most dynamic and critical markets in today’s economy

Enable risk management using futures contracts