Battery Materials Market Intelligence
Market Snapshot: Week of August 28, 2025
A market of correction & divergence across the lithium-ion battery value chain.
Anode Market
→
Prices held steady amid intense competition, offering no cost relief but also no new pressure to producers.
Cathode Market
↓
LFP and key lithium salts (LCE, LiOH) slipped, providing some cost relief to cathode manufacturers.
Electrolyte Chain
↑↓
Divergent signals create uncertainty as LiPF₆ continues to climb while its key precursor LiF corrects downward.
Anode Chain: A Stable Facade
The anode sector remains locked in a stability pattern. Prices held steady amid fierce competition, with mid-range products hovering near the cost line for many producers.
Anode Material Prices (Avg. USD/t)
Indicative Anode Cost Stack
Cathode & Lithium: Cost-Driven Correction
Lithium carbonate and hydroxide prices slipped this week, providing cost relief to cathode manufacturers. LFP dropped by over $100/tonne while NCM materials showed mixed signals.
Cathode Price WoW Change (Avg. USD/t)
LFP Exports by Destination (July 2025)
Electrolyte Chain: The Cost Divergence
The electrolyte value chain shows conflicting signals. LiPF₆ continued its upward march driven by AHF cost pressures, while LiF saw a sharp downward correction as LCE prices fell.
LiF Price (Avg. USD/t)
$19,320
Down -$1,194 WoW on LCE decline
LiPF₆ Price (Avg. USD/t)
$7,728
Up +$260 on AHF cost pressure
Electrolyte Chain Prices (Avg. USD/t, Log Scale)
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