Battery raw 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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Featured prices
Lithium
Cobalt
Nickel sulfate
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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)

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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.

China’s domestic fluorspar prices reacted immediately to the announcement this week that China is set to conduct a country-wide safety inspection and rectification of fluorspar mining from March to August this year

Warmer sentiment for lithium and nickel prices in Asian markets was not able to attract more buying interest for black mass from South Korean buyers in the week ended Wednesday March 13, due to continued thin margins at recyclers, according to market sources

Spot lithium prices in China’s domestic market remained on an uptrend in the week to Thursday March 14, following the strong futures market and rising spot offer prices, while market participants noted sporadic restocking activities

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

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.

September 16-18, 2024 | Amsterdam, Netherlands
Join 500+ key voices from across the global battery supply chain to focus in on Europe. You will delve into the policies and investment driving the region forward, the latest battery technologies, and how global demand is shaping available supply.

September 5-6, 2024 | Bali, Indonesia
Position yourself at the forefront of shaping Indonesia’s energy revolution. Decisions crafted within the borders of Indonesia echo globally, particularly in the realm of critical minerals and battery raw materials, influencing every facet of the supply chain. This summit serves as the nexus connecting Indonesia to the world, uniting senior government officials with international investors, miners, and manufacturers, as they map out the exciting new journey in Indonesia’s energy transition.

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