TUT8: Lithium-Ion Battery Raw Materials Markets: Supply and Demand Outlook and Pricing Evolution



This tutorial analyzes how the lithium, cobalt, and nickel supply chains need to develop to keep up with the rapid growth in demand for lithium-ion batteries for use in electric vehicles (EV) and energy storage systems (ESS). The market is already growing at a rapid rate, and that is before EVs and ESSs have become mainstream. As they become mainstream, the upstream supply chain will struggle to keep up with year-after-year of extremely high-demand growth. What is more, as the lithium and cobalt markets grow from relatively small niche markets to mainstream markets that multinational industries rely on to feed the electrification era, the supply chain is going to need the benefit of a global pricing system that will facilitate investment in new supply and the flow of battery raw materials through the supply chain. Fastmarkets’s experience in price reporting and long history of working with futures exchanges will provide insight into how this is likely to unfold.


  • Battery raw material availability: lithium, cobalt, and nickel
  • Will the right type of raw materials be available in a timely manner?
  • What are the envisaged choke points?
  • Raw material pricing, now and how this is expected to evolve
  • Benefits of a clear and liquid pricing system
  • Why risk management will be essential to oil the supply chain


Adams_WilliamWilliam Adams, Head of Battery Research, Fastmarkets Research

William has been involved in the metals markets since 1986, he runs the research for Fastmarkets battery metals and oversees base and precious metals research. Fastmarkets as a Price Reporting Agency (PRA) provides price discovery on the battery raw materials and Fastmarkets Research aims to provide a clear and focused understanding of the metals markets. Prior to working for Fastmarkets, William worked with Rudolf Wolff & Co Ltd, which was one of the founding members of the London Metal Exchange, where he gained broad insight into all aspects of the metals markets, working in their London, New York and Tokyo offices.

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