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

Australian mining giant BHP has added to the growing industry pressure on the London Metal Exchange to reform its benchmark nickel price to make it more reflective of the physical market

Tirupati Graphite has commissioned a new 18,000 tonnes per year unit to bring its overall flake graphite production capacity to 30,000 tpy, the company has reported

Competition with Asia to bring the battery value chain to Europe intensifies as mining company Finnish Minerals Group and battery cell manufacturer Freyr Battery explore the possibility of producing LFP cathode material

US automotive manufacturer Ford’s announcement that it would invest $3.5 billion to build a lithium iron phosphate (LFP) plant in the US state of Michigan marks the chemistry’s adoption in a nickel cobalt manganese (NCM) dominated market

Junior miner Piedmont Lithium has agreed to provide South Korean cathode maker LG Chem with 200,000 tonnes of spodumene concentrate (SC6%) over a four-year period, it said on Thursday February 16

Financially settled contracts for metals have grown in popularity over the last 12 months, and this likely played a role in a change of ownership at Traxys

Glencore’s new chief executive officer Gary Nagle is learning a key management lesson the hard way, namely: “You can’t please all of the people all of the time

The Material Recycling Association of India’s annual International Metals Recycling Conference (IMRC) on February 2-4 saw the event return to southern city of Kochi for the first time since 2019 and, judging by the demand for rooms in the run-up to the event, there has been a massive increase in the numbers attending

Global commodities trader Trafigura is suing Indian businessman Prateek Gupta and companies connected with him after discovering an allegedly elaborate scheme of nickel fraud

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