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.

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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.

Battery recyclers Huayou Recycling, of China, and Tozero, of Germany, have announced an agreement in which they will partner on the supply and processing of battery scrap in Europe, Fastmarkets has learned.

Swedish battery manufacturer Northvolt has become the first company outside China to achieve a sodium-ion battery with 160 Wh per kg of energy density, the company told Fastmarkets on Tuesday November 21.

As we move to a more sustainable future and electric vehicles start to dominate. Does battery swapping offer a viable option for the future?

Zinc producer Korea Zinc has entered into a $140 million investment agreement with Trafigura to build an “all-in-one” nickel refinery, it said on Friday November 17

China’s combined output of power batteries and energy storage system (ESS) batteries declined by 0.1% month on month in October to 77.3 gigawatt hours (GWh) from 77.4 GWh in September, according to the latest data from China Automotive Battery Innovation Alliance (CABIA)

China’s lithium prices continued to soften in the week to Thursday November 16, remaining under downward pressure from persistently weak buying appetite and bearish sentiment

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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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Upcoming events

December 6-7, 2023 | Shanghai, China
Join key organizations from China and around the world to explore partnership opportunities. Dig into the latest battery chemistries, innovations and impact of legislation on the industry.

April 22-23, 2024 | Seoul, South Korea
Meet the battery manufacturers and key mid and downstream players in Seoul. Gain access to a different part of the market, and understand how technological innovations and policy updates are impacting their planning.

June 24-27, 2024 | Las Vegas, USA
You won’t want to miss the global flagship event for the lithium market. Join 1,300+ attendees from across the global supply chain for a week of discussions, debate and deal-making.

Meet some of the team behind our battery materials insights and intelligence
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