Overview
Growth in global electric vehicles (EVs) and plug-in hybrid (PHEV) production has put a spotlight on battery materials. While lithium-ion batteries dominate the current market, this is a rapidly emerging technology space where improved range or charge times can quicky shift industry sentiment and investment in a different direction.
Argus is at the forefront of battery materials pricing and reporting with coverage of common battery metals (lithium, cobalt, nickel, graphite), industry-grade cathodes and black mass. As experts in specialty metals and rare earths, we future-proof our price assessment portfolio with a range of electronic metals crucial to the manufacture of technology deployed in modern vehicles.
Our Argus Battery Materials and Argus Non-Ferrous Markets services help businesses to understand these complicated supply chains, including price volatility and sustainability challenges around future demand.
Minor metals: Battery metals
As automakers continue to invest in electric vehicle production and power companies explore infrastructure that includes energy storage programmes, the metals contained in lithium-ion batteries supporting these products has attracted interest from investors, institutions and manufacturers alike.
Argus is well positioned to provide insight into price volatility, global supply and responsible material sourcing for all manufacturers and investors in this sector.
Highlights of Argus battery materials coverage
- Understand the context of significant price movements and industry trends with a weekly PDF that highlights the most important market news across lithium, cobalt, graphite, nickel and other common battery materials
- Mitigate risk and perform reliable forward planning with 1-year and 10-year forecasts across different battery metals, chemistries and industries
- Gain a competitive edge with industry-specific tools, such as the Black Mass Calculator that estimates the intrinsic value of different battery chemistries (including cathodes like NCM111, NCM523, LFP, NCA)
- Invest with confidence knowing Argus is IOSCO-compliant with over 50 years of experience delivering trusted price data and market intelligence
Latest battery materials news
Browse the latest market moving news on the global battery materials industry.
UK's CleanTech turns to lithium DFS at Laguna Verde
UK's CleanTech turns to lithium DFS at Laguna Verde
London, 24 July (Argus) — UK-listed lithium developer CleanTech Lithium has produced lithium carbonate grading up to 99.91pc purity from its Laguna Verde project in Chile, as it carries out final process checks before a definitive feasibility study (DFS). US lithium processing firm Empower converted around 55,000 litres of eluate from CleanTech's direct lithium extraction (DLE) pilot plant in Copiapo into 330kg of lithium carbonate, CleanTech said. The campaign follows CleanTech's first pilot-scale production of lithium-rich eluate in Chile, which was shipped to the US for conversion into lithium carbonate. It also follows the award of a 40-year lithium operating contract for Laguna Verde in Chile. The ongoing process work is intended to confirm, not revise, the assumptions in CleanTech's pre-feasibility study, head of communications Nick Baxter told Argus . Assumed operating costs of $5,768/t, capital costs of $748mn, overall lithium recovery of 85.5pc and target commercial production of 15,000 t/yr remain unchanged at this stage. Focus shifts to scaling up The firm's focus is less about proving DLE can produce high-purity lithium carbonate and more about showing that the process assumptions used in the pre-feasibility study hold up ahead of the next stage of project development. Part of the latest campaign tested how effectively impurities could be removed from Laguna Verde brine. Boron is one of the main impurities that lithium-brine projects must remove to make a battery-grade product. Boron was initially present at Laguna Verde in relatively high levels, but Empower removed around 97pc of it during processing, the firm said. Part of the material was also processed by Chinese DLE technology firm Lanshen, whose flowsheet underpins the pre-feasibility study. Additional processing with Lanshen is under way to validate the study, and CleanTech expects to report those results shortly, Baxter said. CleanTech is also carrying out environmental studies and engineering work while seeking a partner to help fund and develop Laguna Verde. Several firms are reviewing the project. By Chris Welch Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia's Syrah cuts Mozambique graphite output in 2Q
Australia's Syrah cuts Mozambique graphite output in 2Q
Sydney, 23 July (Argus) — Australian graphite producer Syrah Resources has reduced natural graphite production at its Balama mine in Mozambique in April-June because of weak demand and higher than usual diesel costs during the quarter. Syrah cut production by 65pc on the year to 2,000t because of weak ex-China demand for natural graphite fines and approximately 50pc higher diesel prices in Mozambique during the quarter on the back of the US-Iran war, the company said on 23 July. Output was also lower on the quarter by 90pc. Its April-June output represented residual production from the previous quarter, with the next round of production deferred to the July-September quarter, the company said. The mine has capacity to quickly scale up production to meet new demand. Syrah undertook planned maintenance during the quarter which will ensure reliable production throughout the rest of the year, the company said. The company's sales rose by 983pc on the year to 7,000t as the company drew on existing inventory to service sales (see table) . Sales were particularly low in the same quarter a year earlier due to civil unrest at the Balama mine , which disrupted access to the mine for six months until May 2025 . Mozambique policy uncertainty The Mozambique parliament officially enacted a new mining law in early June . This will increase mandatory government participation in mining projects from 5pc to 15pc and introduce more stringent regulations on domestic value addition and in-country processing, but the implementation of these changes and their impact on its Balama mine and downstream refining activities is still unclear, Syrah said. The government currently owns 5pc of Balama through Twigg Exploration and Mining. Syrah produced 150t of active anode material (AAM) at its 11,250 t/yr Vidalia facility in the US during the quarter for testing and quality validation as it engages with potential customers. The company has signed a 8,000 t/yr offtake deal with US automaker Tesla covering 70pc of Vidalia's output. The company will begin AAM sales from Vidalia by the end of this year, pending customer qualification. It has plans to expand the facility to 45,000 t/yr but has not outlined a financing timeline. By Daniel Gage-Brown Syrah quarterly graphite output ('000t) Apr-Jun '26 Apr-Jun '25 y-o-y ± % Jan-Mar '26 m-o-m ± % Production 2 7 -65 24 -90 Sales 7 1 983 20 -68 Inventory 11 7 57 16 -31 Source: Syrah Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Illinois to open EV rebate program in August
Illinois to open EV rebate program in August
Houston, 22 July (Argus) — The Illinois Environmental Protection Agency (EPA) will launch its next electric vehicle (EV) rebate program, offering up to $4,000 from 1 August to 31 December. New or used EVs with a selling price up to $80,000 on the bill of sale are eligible for a $2,000 rebate. Low-income applicants can receive an additional $2,000. Buyers must apply within 180 days of the purchase date. Eligible applicants' income cannot exceed 500pc of the federal poverty line. The Illinois General Assembly has allocated about $14mn for the current fiscal year ending 30 June 2027. The previous EV rebate application cycle received 3,499 applications, with 3,001 rebates issued, more than half to low-income applicants. By Carol Luk Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Greece's PPC to build 45MW/91MWh Bess in Romania
Greece's PPC to build 45MW/91MWh Bess in Romania
London, 22 July (Argus) — Greek utility PPC will build a 45MW/91MWh battery energy storage system (Bess) at the site of its Fantanele-Vest wind farm in Romania. The new Bess capacity will be added at the 262.5MW Fantanele-Vest onshore wind farm in southeastern Romania. The plant is part of a larger 600MW Fantanele-Cogealac wind cluster, which was acquired by PPC in 2024. The project will be partly financed by money from the EU's modernisation fund, which is set to cover about 8pc of project costs or 8.2mn lei (€1.6mn). Romanian Bess capacity stood at 1.68GWh at the beginning of July, up from 914GWh at the start of the year. By Jessamy Guest Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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