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Benchmark Mineral Intelligence: Current EV Battery Metal Prices

The cost of essential raw materials for electric vehicle batteries remains under pressure as global supply chains recalibrate. According to the latest data from Benchmark Mineral Intelligence, lithium carbonate currently trades at $23,700 per metric ton, reflecting the ongoing volatility in the Chinese market for battery-grade chemical components.

Benchmark Mineral Intelligence: Current EV Battery Metal Prices

Lithium hydroxide, a critical component for high-nickel cathodes, is priced at $21,825 per metric ton, while cobalt sulphate sits at $13,010. Nickel sulphate, essential for energy density in power cells, is currently valued at $4,847 per metric ton. Flake graphite, the primary material for battery anodes, remains the most stable of the group at $425 per metric ton, based on FOB China pricing.

These figures represent mid-prices per metric ton for materials sourced in China. The reporting frequency varies by commodity: lithium carbonate, lithium hydroxide, and cobalt sulphate are updated on a weekly basis, whereas nickel sulphate pricing is refreshed every two weeks. Flake graphite pricing follows a monthly update cycle, providing a broader view of market trends for carbon-based anode materials.

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