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

The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical

Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now

German carmaker Volkswagen has chosen to establish its first North American battery cell plant in Ontario, Canada, due to the growing importance of the region’s e-mobility market share, it said on Monday March 13

The decline in China’s nickel pig iron (NPI) prices continued for a fourth consecutive week on Friday March 10, with units from Indonesia boosting supplies and prices falling to their lowest levels since September 2, 2022

Lithium-ion battery materials company American Battery Technology Co (ABTC) has agreed a deal with global marketing and supply chain platform TechMet-Mercuria for black mass material which will be generated by the first phase of ABTC’s new recycling facility

The potential of the European battery recycling sector was on display at the Battery Recycling Europe 2023 event in London on March 1-2 against a backdrop of soaring demand for the metal raw materials that power electric vehicles (EVs) and energy storage systems (ESSs)

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Why governments, OEMs, battery makers and the metals and mining industry shouldn’t overlook phosphate when securing critical raw materials to achieve their net-zero goals

German multi-metal recycling giant Aurubis began construction of its bleed treatment plant in Olen, Belgium, the company said on Tuesday March 7

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