With Fastmarkets Battery Cost Index you can: Understand the impact of raw material cost relative to the overall cost of cells; Confidently enter contract negotiations for the purchase or sale of cell components; Calculate the cost implications of choosing different cell chemistries.
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 largest single contributor to the cost of battery cells is the materials used in them, especially the cathode materials. In addition to lithium, the transition metals manganese, iron, cobalt and nickel are used in particular.
What is the battery Cost Index?
Understand costs to guide battery design and economics with Fastmarkets' Battery Cost Index, which gives you pricing granularity for existing battery materials. Find out more here.
Why are battery costs falling?
Falling costs for battery cells have long been perceived as an essential condition for the widespread success of electromobility. And so more and more of the technological innovations introduced into the battery are aimed at reducing costs, even if at the same time features such as vehicle range tend to deteriorate.
Which battery raw materials have experienced significant price fluctuations over the past 5 years?
Battery raw materials like lithium carbonate (Li 2 CO 3), lithium hydroxide (LiOH), nickel (Ni) and cobalt (Co) have experienced significant price fluctuations over the past five years. Figures 1 and 2 show the development of material spot prices between 2018 and 2023.
Why did battery prices fall in 2019?
The global economic slowdown due to the Covid19 pandemic, for example, may have led to the expectation of decreasing demand for battery raw materials. As a result, prices fell in 2019 and the beginning of 2020.