Battery raw materials

Prices, news and analysis for the commodities used in EV and ESS batteries

The critical materials used in manufacturing batteries for electric vehicles (EV) and energy storage systems (ESS) play a vital role in our move towards a zero-carbon future.

Fastmarkets’ battery raw materials suite brings together the vital commercial insights, data and analytics that you need to help you make accurate forecasts, manage inventories and price risk, benchmark costs against your peers’ and balance the costs and benefits of sustainability.

Our customers get access to in-depth price data and short- and long-term forecasting and analysis for the following raw materials:

We continue to expand our coverage as the global BRM market and the needs of the consumer evolve.

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Fastmarkets’ battery raw materials products give market participants and investors the transparency and clarity to make critical and strategic business decisions.

Trade on market-reflective prices

Validate your price, supply and demand forecasts for 1-2 years in the future

Access critical long-term forecasts for the next 10-15 years

Gain a competitive edge in the emerging battery recycling market

Providing greater transparency into the cost of key Li-ion cell components

Enable risk management using futures contracts

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Key prices

  • Lithium Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price cif China, Japan & Korea, $/kg (MB-LI-0027)
  • Lithium Spodumene min 6% Li2O, spot price, cif China, $/tonne (MB-LI-0012)
  • Lithium Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, $/kg (MB-LI-0029)
  • Lithium Lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea, $/kg (MB-LI-0033)
  • Cobalt Cobalt standard grade, in-whs Rotterdam, $/lb (MB-CO-0005)

Find out how we assess and forecast prices in agriculture, forest products and metals

What’s happening in the battery raw materials market?

Our team of senior analysts and price researchers provide battery raw material prices, forward-looking reports and analysis of the market conditions. Get up-to-speed with our battery raw material prices, news, trends and forecasts.

The Chicago Mercantile Exchange’s cash-settled spodumene concentrate futures contract was traded for the first time on Monday October 28, the day the contract launched.

The Vancouver, Canada-based Lithium Americas (LAC) entered into a new $625-million investment agreement with the US automaker General Motors (GM) for establishing a joint venture to fund, develop, construct and operate LAC’s Thacker Pass lithium mine, the company announced on Wednesday October 16.

Northern Graphite and Rain Carbon have partnered to produce natural graphite-based battery anode material (BAM) for lithium-ion batteries for electric vehicles (EVs), with commercial availability expected by 2027, Northern Graphite CEO Hugues Jacquemin told Fastmarkets.

Imports of cobalt intermediates have continued to rise in China, with January-September volumes already exceeding that of the entire previous year. This excessive inflow has led to an enduring oversupply in the domestic cobalt market, sources have told Fastmarkets

British recycling firm Altilium is building up its operations to a “fully circular” model that will enable the recovery of battery-grade metals from scrap or black mass, a company spokesman told Fastmarkets on Thursday October 10.

Indian engineering and procurement firm Trafalgar announced plans to build India’s first rare earth metals, alloy and magnet plant at the Metal Events 20th International Rare Earths Conference in Washington on Tuesday October 15

Browse our resource hub for Fastmarkets’ battery raw materials insights and forecasts, as well as additional checklists and ebooks to complete your toolkit for success.

Upcoming events

February 01-03, 2026 | New Delhi, India
Gain early-mover insights into India’s fast-emerging battery market—set to become the world’s 3rd largest player despite its current nascent stage

March 24-26, 2026 | Shanghai, China
Backed by Fastmarkets’ independent analysis, it is where the market gains direct visibility into China’s production strategies, policy direction and pricing outlooks. Delegates use this access to anticipate shifts in costs, trade and demand, and to strengthen their position in the global battery supply chain.

April 27-29, 2026
With rising demand for ESS and EVs, fast-growing black mass recycling, and accelerating non-China sourcing strategies, the Conference offers unmatched access to Asia’s fragmented BRM landscape.

June 22-25, 2026 | Las Vegas, USA
The energy revolution: Powering tomorrow

Meet some of the team behind our battery materials insights and intelligence
Fastmarkets combines the commodity intelligence of these familiar names:

Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • Hardwood Market Report
• FastMarkets and more