Charged EVs | Benchmark Minerals launches worth index for cathode uncooked supplies
Value-reporting and market knowledge firm Benchmark Mineral Intelligence has launched an index for monitoring the value adjustments of the uncooked supplies in cathodes.
The Lithium-ion Battery Uncooked Materials Value Index shows worth adjustments for blends with each NCM high-nickel and mid-nickel chemistries, and for lithium iron phosphate. It makes use of IOSCO-accredited lithium, nickel and cobalt costs in addition to Benchmark’s in-house assortment of knowledge on manganese sulphate and iron phosphate to calculate the weighted common change in the price of the uncooked supplies in cathodes in opposition to a base of 100 in January of 2020. The uncooked supplies of anodes and the prices of refining and processing them are usually not included.
“The brand new index will enable customers to confidently observe the relative change in the price of vital battery uncooked supplies, set contracts which can be correct to the real-world actions in uncooked materials costs and conduct analysis on the unstable price setting of key lithium-ion battery cathode sorts,” mentioned Benchmark Chief Information Officer Caspar Rawles.
Supply: Benchmark Mineral Intelligence