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

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

This development has led to a tightening market supply and bullish sentiment among traders, despite the immediate aftermath not showing a price hike

Read the full transcript from episode one of Fast Forward podcast with Andrea Hotter, where she interviews Helaina Matza, Special Coordinator for Global Infrastructure and Investment at the US Department of State

The battery recycling market is witnessing a dynamic evolution, marked by eight key trends shaping the industry’s landscape

A number of hurdles are still hindering the development of a Western battery supply chain, despite support from the US Inflation Reduction Act (IRA), according to Kevin Chan, US-based spodumene and lithium producer Albemarle’s vice president of the Asia Pacific region

Insufficient investment in anode supply chains in the West has become one of the key challenges to the implementation of US localization policies for electric vehicle (EV) and battery ecosystems

The key discussion topics across the battery raw materials sector ahead of Fastmarkets’ Asian Battery Raw Materials conference taking place in Seoul on April 22-23

Codelco will make a choice on a partner for its lithium properties in the Maricunga salt flat in Chile’s Atacama region in the first quarter of 2025, the chairman of the state-owned producer said on Monday, April 15

Metal exchanges will be prohibited from accepting these metals from Russia, said releases from the US and UK governments on Friday April 12

With the recent launch of US/Canada lithium prices, Fastmarkets explores the motivation for the introduction and the reasons why this is an important development for the North American market

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

Get in touch

Whether you would like to speak to one of our experts or request a demo of our products, we’re here for you.

Talk to us today

Why use a price reporting agency?

Navigate uncertainty and make business decisions with confidence using our price data, forecasts and critical intelligence.

Learn more