Battery Materials Market Intelligence
Market Snapshot: Week of September 25, 2025
LCO prices surge dramatically while anode margins remain under pressure. Electrolyte chain sees broad inflation led by LiPF₆ and fluorine bottleneck.
Anode Market
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Stable pricing masks deteriorating margins. Rising feedstock costs (GPC up to $578/t) squeeze synthetic graphite producers.
Cathode Market
↑↑
LCO skyrockets to $34,179/t (+5.6% WoW) on cobalt surge. NCM and LFP see modest gains on steady demand.
Electrolyte Chain
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LiPF₆ rises to $8,017/t on tight AHF supply. VC up to $6,751/t, FEC jumps to $5,204/t (+5.6% WoW).
Anode Chain: Margin Compression Intensifies
Synthetic graphite prices remain flat at $7,525/t for high-end products, but rising petroleum coke ($578/t) and needle coke ($1,055-1,167/t) costs create severe margin pressure. Natural graphite holds steady amid weak demand.
Anode Material Prices (Avg. USD/t)
Key Feedstock Trends (USD/t)
Cathode & Lithium: LCO Leads Sharp Rally
LCO prices skyrocket on cobaltosic oxide surge to $241,000/t. NCM 811 reaches $20,760/t while LFP remains stable at $4,909/t. Battery-grade lithium hydroxide holds at $10,443/t.
Cathode Materials Pricing (USD/t)
LCO vs Lithium Trend
Electrolyte Chain: Fluorine Bottleneck Drives Inflation
Anhydrous HF tightness at $1,512-1,547/t cascades through the supply chain. LiPF₆ rises to $8,017/t (+2.7% WoW), while fluorinated additives FEC and VC also increase on supply constraints.
LiPF₆ Price (Avg. USD/t)
$8,017
Up 2.7% WoW (+$204) on AHF tightness
FEC Price (Avg. USD/t)
$5,204
Up 5.6% WoW (+$277) continuing uptrend
VC Price (Avg. USD/t)
$6,751
Stable after recent gains
Electrolyte Components Weekly Change (%)
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