Battery materials

Playing a vital role in how we power the world

The critical materials used in manufacturing batteries for electric vehicles (EV) and energy storage systems (ESS) – including lithium, cobalt, nickel, graphite and manganese – play a vital role in our move towards a zero-carbon future.

With continued growth in the EV market, we have seen the demand for and price of these vital battery materials soar. Supply/demand balances will be tight, with the latest half of the decade to 2032 moving into a deficit. Investment, expanded production, new projects, evolving technology and the recycling market will all be key to supporting the EV and ESS markets.

Our battery materials coverage includes price data, news and short- and long-term forecasts, as well as a Battery Cost Index and Battery Recycling Outlook that allows you to have full transparency over what’s ahead.

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What’s happening in the battery and raw materials markets?

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.

Global refined nickel premiums were broadly steady in the week to Tuesday November 29, with the exception of European briquettes premiums which came under further pressure due to increased supply
Peter Hannah, senior price development manager at Fastmarkets, discusses key pricing trends in the lithium market and gives his advice for those navigating this volatile time
Fastmarkets’ Amy Bennett talks about the importance of graphite as a battery material in the energy transition and the outlook for the graphite market in 2023
Australia-based spodumene miner Pilbara Minerals has entered into a joint venture (JV) agreement with technology start-up Calix for the development of a demonstration plant to refine spodumene into midstream lithium salts
Access the replay and read the five key takeaways from our recent webinar ‘Addressing risks in the European and US battery and EV markets’
Weakening sentiment in the domestic Chinese nickel sulfate market has pushed payables for nickel mixed-hydroxide precipitate (MHP) lower
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Featured prices
Lithium

Cobalt

Nickel sulfate

Battery materials price data
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Commodity
Market description Source Status  
Industrial minerals
Spodumene min 6% Li2O, CIF China, $/tonne Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99% Li2CO3 min, technical and industrial grades, contract price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99% Li2CO3 min, technical and industrial grades, spot price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, technical and industrial grades, contract price ddp Europe and US, $/kg
Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, technical and industrial grades, spot price ddp Europe and US, $/kg
Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price ddp Europe and US, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price cif China, Japan & Korea, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price cif China, Japan & Korea, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg Industrial Minerals Active View this price
Industrial minerals
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw domestic China, yuan/tonne Industrial Minerals Active View this price
Industrial minerals
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price range exw domestic China, yuan/tonne
Industrial Minerals Active View this price
Minor metals
Cobalt min 99.3% LME Stocks US Dollar per tonne
London Metal Exchange
Active N/A
Minor metals
Cobalt tetroxide 72.6% Co min, delivered China, yuan/tonne Metal Bulletin Active View this price
Minor metals
Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne Metal Bulletin Active View this price
Minor metals
Cobalt hydroxide index 30% Co min, cif China, $/Ib Metal Bulletin Active View this price
Minor metals
Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end)
Metal Bulletin Active View this price
Industrial minerals
Spodumene min 6% Li2O, Asia, $/t Industrial Minerals Active N/A
Industrial Minerals
Graphite spherical 99.95% C, 15 microns, fob China, $/tonne Industrial Minerals Active View this price
Industrial Minerals
Graphite flake 94% C, -100 mesh, fob China, $/tonne Industrial Minerals Active View this price
Base Metals
Nickel LME cash official price $/tonne Metal Bulletin Active N/A
Base Metals
Nickel Sulphate premium, cif China, Japan and Korea, $/t Metal Bulletin Active N/A
Base Metals
Nickel briquette premium, in-whs Rotterdam, $/tonne Metal Bulletin Active View this price
Base Metals
Nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China, yuan/tonne Metal Bulletin Active View this price
Base Metals
Nickel sulfate, cif China, Japan and Korea, $/tonne Metal Bulletin Active N/A
Ores and Alloys
Manganese ore index 37% Mn, cif Tianjin, $/dmtu Metal Bulletin Active View this price
Ores and Alloys
Manganese ore 37% Mn, fob Port Elizabeth, $/dmtu Metal Bulletin Active View this price
Ores and Alloys
Manganese ore 44% Mn, cif Tianjin, $/dmtu Metal Bulletin Active View this price
Ores and Alloys
Manganese 99.7% electrolytic manganese flake, fob China, $/tonne Metal Bulletin Active N/A

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Events for you
Asia’s large investments in infrastructure will undoubtedly lead to a further increase in energy storage capacity and electric vehicle demand globally. The continent remains in a dominant position in the battery raw materials market, but pressure to create shorter, more sustainable supply chains could impact global and regional dynamics. The Asian Battery Materials Conference is your opportunity to learn more about the challenges affecting the supply chain and the opportunities to improve its efficiencies. You’ll also get to hear about the latest battery chemistry innovations and developments in sustainable material extraction. This conference gives you the chance to connect and network with hundreds of peers while also accessing all the crucial updates within this rapidly evolving market all under one roof in Singapore. Don’t miss out!
The Fastmarkets Lithium Supply and Battery Raw Materials Americas annual event is the largest global forum for lithium and battery raw materials.
Fastmarkets European Battery Raw Materials Conference gives you a front-row seat to access insights and analysis of the battery raw materials market from the leaders and innovators shaping the industry. With the battery raw materials industry facing pressure from growth trajectories and price volatility, as well as regulatory and supply chain challenges, it’s even more important to come together under one roof to discuss what’s ahead. Whether you’re looking to network with peers to build and strengthen your business relationships, or want to learn more about the headwinds and tailwinds facing the electric vehicle and energy storage system markets, this conference has you covered.
Meet some of the Fastmarkets NewGen battery materials team
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