Benchmark launches Lithium ion Battery Cost Model

Benchmark Mineral Intelligence is pleased to announce the launch of its new Lithium ion Battery Cost Model. This comprehensive model is designed for market participants, OEMs, and investors, providing essential guidance through the complexities of battery cell production and identifying market competitiveness for individual assets.

Subscribers will gain insights into forecast costs of producing a variety of battery technology mixes and how policy and input prices are set to shape the industry to the end of the decade.

The report offers detailed modelling of cost components for production of battery cells at an asset-level across all gigafactories operating globally and planned for production till 2030. It is configured according to the cathode chemistry split at each asset and uses country-level macroeconomic inputs to provide an estimate of market competitiveness across regions, companies and assets.

The accompanying report covers wider, market analyses around movements and trends in major cathode chemistries and provides regional guidance on production costs. Subscribers also have access to the analyst team behind the model for personalised insights and context.

“The tempered market demand and pricing headwinds from large Chinese players are making it crucial for all market participants to understand and optimise production with a view of gaining cost competitiveness. In this environment, Benchmark’s cost model provides a unique and crucial tool for users to analyse each asset’s position on the cost curve and delve deeper into the key reasons for that outcome,” said Shivangee Chauhan, Analyst.

Benchmark’s analysis shows the regional disparity between production costs at assets and highlights where these differences arise in the process. Vertical integration and cheaper inputs are some of the key factors driving this trend. As more legislation for incentivizing ex-China supply comes online, understanding the impact of these subsidies and the resulting change in the cost curve will be key to shaping long-term strategies in the industry.

“Optimising costs is essential for battery manufacturing at scale, now more than ever. This tool enables users to perform strategic analysis by providing detailed understanding of key factors, including chemistry, format, and the 45X manufacturing credit which can be toggled on or off by the user,” said Matt Stock, Product Director.

Contact us to learn more or request a free demonstration of Benchmark’s Lithium ion Battery Cost Model: