10(ish) Charts on Battery Component Prices in 2025
Completely free! We've summarized 12 months of battery industry cell and component pricing trends in 9+1 snazzy interactive charts.
Battery Component Price Report: 2025 Summary
We’ve overhauled our battery component price tracking1 after over 2 years of monthly reports. Trends & plots across 2025 + top movers are still there, also included now is a correlation index on how component prices vary relative to raw lithium prices.
If you are reading this in your email inbox, come on over to Substack to try out the interactive features & try hovering over the charts!
Let us know what you think - we will try follow a similar format going into 2026.
Chart #10…
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Data provenance
Material costs represents China-centric market pricing. Intercalation analyses aggregates price data across 10+ independent platform resources and augments with industry expert input to produce this bespoke monthly battery component pricing service. Pricing ranges presented are indicative of the variability across suppliers. Individual component specification changes such as the ceramic coating on separators, single/poly crystallinity of NMC cathodes, or copper foil thickness, can dictate significantly higher or lower material costs than those reported. Similar uncertainty in variability applies across geographic regions. While information sources are reliable and representative, Intercalation does not guarantee the accuracy or completeness of this information. See disclaimer for full details.
Disclaimer
The Intercalation Ltd (”Intercalation”) service/information is derived from selected public/private sources. Intercalation Ltd, in providing the service/information, believe that the information it uses comes from reliable sources, but do not guarantee the accuracy or completeness of this information, which is subject to change without notice, and nothing in this document shall be construed as such a guarantee. The statements in this service/document reflect the current judgment of the authors of the relevant sections, and do not necessarily reflect the opinion of Intercalation. Intercalation disclaims any liability arising from use of this document, its contents and/or this service. Nothing herein shall constitute or be construed as an offering of financial instruments or as investment advice or recommendations by Intercalation of an investment or other strategy (e.g., whether to “buy”, “sell”, or “hold” an investment/commodity). The information available through this service is not based on consideration of a subscriber’s individual circumstances and should not be considered as information sufficient upon which to base an investment decision. You should determine on your own whether you agree with the content. This service should not be construed as tax or accounting advice or as a service designed to facilitate any subscriber’s compliance with its tax, accounting or other legal obligations. Employees involved in this service may hold positions in the companies mentioned in the services/information.
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Great info, thanks for putting it together! The interactive charts work quite well.