Commodity Market Report
Global cathode and precursor market strategic planning outlook - Q1 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2022, spot prices for cathode materials continue to surge driven by the high prices of battery raw materials. Nickel prices advanced to an annual average of almost US$18,500/t, a level not seen since 2011. On 8 March 2022, the world’s pricing mechanism for nickel – the London Metal Exchange – “failed” as a short squeeze took prices on the electronic trading platform above US$101,000/t. We believe “normal” nickel prices will return as Indonesian nickel pushes the market into surplus from 2023 to 2025. But the long-term increase in nickel usage and the difficulty in quickly ramping-up production are quite likely to lead to a more pronounced turn to high-manganese and LFP cathode chemistries, which are less nickel-concentrated but exhibit good performance. Outside of Asia, countries have been striving to develop localised battery supply chains and cathode processing facilities.
Table of contents
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Market outlook
- LFP cathode materials market outlook
- Precursor market outlook
- Nickel-based cathode market outlook
- LMO cathode market outlook
- LCO cathode market outlook
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Price forecast
- Precursor materials price forecast
- NCM cathode materials price forecast
- LFP cathode materials price forecast
- LCO cathode materials price forecast
- LMO cathode materials price forecast
- Global outlook
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Demand by application
- The automotive sector
- The energy storage system (ESS) sector
- The portable electronics sector
- The power device sector
- The motive product sector
- LFP supply
- Precursor supply
- Nickel-based cathode supply
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- Cathode materials demand by application, 2020-2050 (kt)
- LFP cathode materials market balance, 2020-2050
- Precursor production vs demand
- Precursor market balance
- Nickel-based cathode production vs demand
- Nickel-based cathode market balance
- NCM series cathode market balance
- NCA cathode market balance
- LMO cathode market balance
- LCO cathode market balance
- NCM precursor price forecast, 2021-2050
- NCM cathodes price forecast, 2021-2050
- 39 more item(s)...
What's included
This report contains:
