First in Market Global Daily Frequency
Calculated Price Assessments Meet Information Needs of Fast-Growing
Battery Supply Chain Industry
NEW
YORK and LONDON and
SINGAPORE, March 17,
2025 /PRNewswire/ -- Platts, part of S&P Global
Commodity Insights, the leading independent provider of
information, data, analysis, benchmark prices and workflow
solutions for the metals, commodities, energy and energy transition
markets, today announced the launch of a suite of new daily cathode
active material (CAM) calculated price assessments for China, Europe
and North America, effective
March 24. The new assessments will
expand downstream into the battery supply chain and complement
Platts extensive suite of daily battery materials assessments.
The new offering focuses on the CAM chemistries for LFP
(lithium iron phosphate), NMC622 and NMC811
(nickel-manganese-cobalt) lithium-ion batteries that are expected
to hold a large market share in the coming years. LFP currently
holds around 43% share of global demand, and NMC622 and NMC811 hold
an estimated global demand share of around 18% combined, according
to S&P Global Mobility.
CAMs are the electrochemically active components in a
lithium-ion battery's cathode. CAMs are synthesized materials,
typically composed of metal oxides, used to produce electrodes (or
cathodes) which, alongside the anode and electrolyte, facilitate
the storage and release of lithium ions during charge and discharge
cycles. The specific composition of the CAM significantly
influences the battery's performance - including its energy
density, cycle life, and safety.
Viral Shah, Managing Editor, EMEA Low Carbon & Base
Metals, at S&P Global Commodity Insights,
commented, "We are pleased to announce the launch of this new
suite of Platts Cathode Active Material calculated price
assessments, providing the first-ever daily European and North
American import price assessments alongside a crucial focus on the
key China market. As production
technology rapidly evolves and industry demand from the EV and
Battery Energy Storage Systems (BESS) markets continues to grow,
Platts CAM will bring greater transparency to the global
marketplace and help quantify value for this opaque portion of the
battery supply chain.
At present, there is insufficient price transparency on the cost
of CAMs, which are a key part of the most valuable aspect of a
battery – the cathode – and make up a large portion of overall
battery cost. Against this backdrop, Platts, with its extensive
suite of daily spot battery materials assessments, provides market
participants with comprehensive pricing information for this
crucial energy transition sector."
Henrique Ribeiro, Principal
Analyst Technologies & Supply Chains, ETSS, at S&P Global
Commodity Insights, commented: "As battery production
scales globally, supply of battery raw materials – especially
Cathode Active Materials – will become a key concern for battery
manufacturers. The manufacturing scale involved makes technological
change more difficult and so LFP and NMC chemistries are expected
to dominate for some time. Since key refining and CAM production
stages are dominated by Chinese companies, other regions are likely
to remain reliant on imports for years to come."
Battery demand is expected to grow sharply in the coming years not
just from the growth in adoption of electric vehicles, but also
from Battery Energy Storage Systems (BESS) which are increasingly
being deployed to capture energy generated from solar and wind
plants, as well as use as back up sources of energy for high-energy
consumption end uses such as data centers. Global BESS annual
capacity additions grew 49% year-on-year in 2024 and are forecast
to grow another 29% on year in 2025, according to S&P Global
Commodity Insights' Clean Energy Technology team.
The new calculated CAM assessments leverage Commodity Insights
research team's battery cell cost model, factoring in material
intensity and proprietary processing cost estimates for the Chinese
domestic market. China accounts
for about 81.3% of global production, according to S&P Global
Mobility.
The 24-strong series leverages Platts established daily spot
assessments for lithium carbonate, lithium hydroxide, cobalt
sulfate, nickel sulfate, manganese sulfate, and iron ore, as well
as its weekly technical monoammonium phosphate (TMAP) assessment,
while the calculated CIF assessments for Europe and North
America for China-origin
material also leverage Platts daily container freight price
assessments.
The subscriber note can be accessed here, while a full
description of the Platts assessment methodology can be found
here.
Media Contacts:
Americas/ EMEA: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
Asia/ EMEA: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global
energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We are a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including leading
benchmark price assessments in the physical commodity markets, are
offered through S&P Global Commodity Insights. S&P Global
Commodity Insights maintains clear structural and operational
separation between its price assessment activities and the other
activities carried out by S&P Global Commodity Insights and the
other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodity-insights/en.
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SOURCE S&P Global Commodity Insights
