Forecasts

Your indispensable business tool for expanding new supply, planning your contracts, managing inventory and investing.
At Benchmark Minerals, we understand that time is of the essence for a supply chain that is so rapidly evolving. Therefore, every publication from the Benchmark Team includes an easy-to-digest summary of the major changes from the previous quarter in text and charts.

Battery Database


Our quarterly service includes a comprehensive
battery cell supply model:

  • Plant-by-plant: MWh production data
    for every global battery cell facility through to
    2040
  • Cathode chemistry and cell format
    information
  • EV vs Portable: see where
    production capacity is focussed
  • Expansions: track all new battery
    plant developments and investments

The Battery Database features detailed data and
analysis for every lithium ion application:

  • Annualised MWh-level demand data
    for transportation (EV), stationary storage (ESS)
    and portable applications, from 2015-2040
  • Demand drivers: A full breakdown
    of each sub-segment of demand - from BEVs and
    PHEVs, to smartphones and tablets
  • Technology profile: explore the
    anode and cathode trends for each end-market
  • Regional perspective: See where
    in the world battery demand originates, and what
    countries will lead the clean energy transition

Review how battery costs vary between technologies,
manufacturing scale, and raw material inputs:

  • Cost breakdown: analysis of the
    cost structure for battery cells across different
    chemistries
  • Bill of materials: monitor the
    impact of material costs
  • A fully customisable battery cost
    model profiling costs across different plants,
    regions and technology profiles

You will receive full, unrestricted access to the
data behind Benchmark’s Battery Database:

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in excel and pdf format
  • Implement Your Ideas: Each file
    is fully customisable so you can input your own
    assumptions

Lithium Forecast


Our service includes a deep-dive on each link in the
lithium supply chain including:

  • Mine by Mine: Brine and Spodumene
    Analysis
  • Chemical Plant by Plant: Lithium
    Carbonate & Hydroxide Analysis
  • Battery Focus: Demand by Cathode
    Chemistry with market share & intensity numbers
  • Battery Demand: Scenarios of EV,
    Stationary and Portable Tech
  • Industrial vs Battery: Ceramics
    & Glass, Lubricants & Grease, Metallurgy,
    Air Treatment, Medical

Our full picture understanding of lithium is most
prevalent in our bottom-up cost curve analysis. We
present a “Total Cost” number for each operating
mine and development project under review which also
considers: Cash/Opex, Capital Charge & Taxes
& Royalties.

  • Time Travel: Compare Cost Curves
    between 2019, 2020 & 2030
  • Brine & Hard Rock: Understand
    the shifting relationship
  • Plan for your future contracts,
    inventory or investment needs

Backed by our industry leading and IOSCO-regulated
Lithium Price Assessment Data, our research team
understand lithium’s nuances that will have a major
impact on accurately forecasting prices.

  • Forecasted to 2040:
    Lithium Carbonate, Battery Grade
    Price, Global Prevailing Price
  • Forecasted to 2040:
    Lithium Hydroxide, Battery Grade
    Price, Global Prevailing Price
  • Forecasted to 2040:
    Spodumene 6%, Australia FOB,
    Battery Market Material

You will receive full, unrestricted access to the
data behind Benchmark’s Lithium Forecast service:

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in 3 Excel Files - Lithium Forecast,
    Lithium Price Forecast & Lithium Total Cost
    Model
  • Implement Your Ideas: Each file
    is fully customisable so you can input your own
    assumptions

Cobalt Forecast

Our service includes a deep-dive on each link in the
cobalt supply chain including:

  • Mine by Mine: Cobalt Concentrates
  • Plant by Plant: Cobalt Chemicals
  • Battery Focus: Demand by Cathode
    Chemistry with market share & intensity numbers
  • Battery Demand: Scenarios of EV,
    Stationary and Portable Tech Industrial vs Battery:
    market-specific consumption data

Our full picture understanding of cobalt is most
prevalent in our bottom-up cost curve analysis.

We present a “Total Cost” number for each operating
mine and development project under review which also
considers: Cash/Opex, Capital Charge & Taxes
& Royalties.

  • Time Travel: Compare Cost Curves
    between 2019, 2020 & 2030
  • Plan for your future contracts,
    inventory or investment needs

Backed by our industry leading Price Assessment
Data, our research team understand cobalt’s nuances
that have a major impact on accurately forecasting
prices.

  • Cobalt battery-grade metal
  • Cobalt sulphate

You will receive full, unrestricted access to the
data behind Benchmark’s Cobalt Forecast service:

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in 3 Excel Files - Cobalt Forecast,
    Cobalt Price Forecast & Cobalt Total Cost
    Model
  • Implement Your Ideas: Each file
    is fully customisable so you can input your own
    assumptions

Nickel Forecast


Our service includes a deep-dive on each link in the
nickel supply chain including:

  • Refinery by refinery: Nickel
    intermediates and primary products
  • Plant by Plant: Nickel sulphate
  • Battery Focus: Demand by Cathode
    Chemistry with market share & intensity numbers
  • Battery Demand: Scenarios of EV,
    Stationary and Portable Tech
  • Industrial vs Battery:
    market-specific consumption data

Review how battery costs vary between technologies,
manufacturing scale, and raw material inputs

  • Cost breakdown: analysis of the
    cost structure for battery cells across different
    chemistries
  • Bill of materials: monitor the
    impact of material costs
  • A fully customisable battery cost
    model profiling costs across different plants,
    regions and technology profiles

Our full-picture understanding of the nickel supply
chain into batteries provides the foundation for our
cost curve analysis. We present the prevailing cost
structure for different types of projects, focussing
on the feedstock, processing and capex requirements
for each supplier to serve the cathode market.

  • Time Travel: Track changes in the
    battery-grade cost curve through the forecast
    period
  • Plan for your future contracts,
    inventory or investment needs

You will receive full, unrestricted access to the
data behind Benchmark Nickel Forecast service:

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in 3 Excel Files – Nickel Forecast,
    Nickel Price Forecast & Nickel Cost Model
  • Implement Ideas: Each file is
    fully customisable so you can input your own
    assumptions

Flake Graphite Forecast


Our service includes a deep-dive on each link in the
flake graphite supply chain including:

  • Mine by Mine: Flake Graphite
    Concentrate
  • Plant by Plant: Spherical Graphite
  • Battery Focus: Demand by Anode
    Chemistry with market share & intensity numbers
  • Battery Demand: Scenarios of EV,
    Stationary and Portable Tech
  • Industrial vs Battery:
    Market-Specific Consumption Data

Review how battery costs vary between technologies,
manufacturing scale, and raw material inputs:

  • Cost breakdown: analysis of the
    cost structure for battery cells across different
    chemistries
  • Bill of materials: monitor the
    impact of material costs
  • A fully customisable battery cost
    model profiling costs across different plants,
    regions and technology profiles

Our full picture understanding of flake graphite is
most prevalent in our bottom-up cost curve analysis.
We present a “Total Cost” number for each operating
mine and development project under review which also
considers:

  • Cash/Opex, Capital Charge & Taxes &
    Royalties.
  • Time Travel: Compare Cost Curves
    between 2019, 2020 & 2030
  • Plan for your future contracts,
    inventory or investment needs

You will receive full, unrestricted access to the
data behind Benchmark’s Flake Graphite Forecast
service.

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in 3 Excel Files - Flake Graphite
    Forecast, Flake Graphite Price Forecast &
    Flake Graphite Total Cost Model
  • Implement Your Ideas: Each file
    is fully editable so you can input your own
    assumptions

Synthetic Graphite Forecast


Our service includes a deep-dive on each link in the
synthetic graphite supply chain including:

  • Feedstock: Coke supply routes
  • Plant by Plant: Graphitisation
    facilities
  • Battery Focus: Demand by Anode
    Chemistry with market share & intensity numbers
  • Battery Demand: Scenarios of EV,
    Stationary and Portable Tech
  • Industrial vs Battery:
    market-specific consumption data

Backed by our industry leading Price Assessments,
our research team understand the nuances of
synthetic graphite inputs that have a major impact
on accurately forecasting prices.

  • Needle coke prices

You will receive full, unrestricted access to the
data behind Benchmark’s Flake Graphite Forecast
service.

  • Online accessible downloads each
    quarter
  • Clear & Concise: Your data is
    presented in 3 Excel Files - Flake Graphite
    Forecast, Flake Graphite Price Forecast &
    Flake Graphite Total Cost Model
  • Implement Your Ideas: Each file
    is fully editable so you can input your own
    assumptions

Solid State Forecast


Our service provides a comprehensive overview of the solid-state and lithium metal battery landscape including:

  • A Snapshot in Time: Lithium ion vs. Solid-state
  • Supply Chain Insights: The Lithium Metal Ecosystem
  • Deep-dive Data: Manufacturing, Raw Materials, and Disruptive Technologies
  • Connecting the Dots: Visualising Partnerships and Investments
  • Quarterly News: Tracking Major Announcements with Exclusive Analysis

You will receive full, unrestricted access to the data behind Benchmark’s Solid-state and Lithium Metal Batteries service.

  • Online accessible downloads each
    quarter
  • Technology handbook: This summarizes the solid-state industry as it stands in comparison to the lithium-ion battery market.
  • Dynamic Executive Summary: updated every quarter, this ever evolving industry overview keeps you updated with industry news, new announcements, industry snapshots, battery and manufacturing developments, supply chain updates, deep-dive data, and developments.
  • Forecasts: An overview of the data that feeds the supply chain and commercialisation conclusions in the report. Updated quarterly, this report grants access to the overall capacity expansion expected for solid-state technologies, broken down by electrolyte class and anode composition, alongside analysis of how these feed into raw material intensities i.e. LCE kg/kwh.

Anode Forecast


Our annual Anode Forecast service includes a comprehensive anode supply model updated on a quarterly basis:

  • Plant-by-plant: MWh and tpa production data for every global anode active material facility through to 2040
  • Chemistry focus: Anode active material production data broken down by chemistry type
  • Expansions: Track all anode facility developments
  • Customisation: A highly customisable supply model, including switchable units and adjustable assumptions to implement your own ideas

The Anode Forecast features detailed data and analysis for anode active material:

  • Market balances: Compare anode market balances by chemistry, tier and geography for a thorough view of the market
  • Demand drivers: Chemistry-specific demand breakdowns for the EV, Stationary and Portable lithium-ion battery sectors out to 2040
  • Regional perspectives: Observe anode supply and demand by region for a geographical view of the market
  • Developments: Track key investments, partnerships and announcements over each quarter

You will receive full, unrestricted access to the data behind Benchmark’s Anode Forecast:

  • Online accessible downloads available each quarter
  • Clear and Concise: Your data is presented in Excel and pdf format
  • Implement Your Ideas: Each file is fully customisable so you can input your own assumptions

Cathode Forecast


Our annual Cathode Forecast service includes a comprehensive cathode supply model updated on a quarterly basis:

  • Plant-by-plant: MWh and tpa production data for every global cathode active material facility through to 2040
  • Chemistry focus: Cathode active material production data broken down by chemistry type
  • Expansions: Track all cathode facility developments
  • Customisation: A highly customisable supply model, including switchable units and adjustable assumptions to implement your own ideas

The Cathode Forecast features detailed data and analysis for cathode active material:

  • Market balances: Compare cathode market balances by chemistry, tier and geography for a thorough view of the market
  • Demand drivers: Chemistry-specific demand breakdowns for the EV, Stationary and Portable lithium-ion battery sectors out to 2040
  • Regional perspectives: Observe cathode supply and demand by region for a geographical view of the market
  • Developments: Track key investments, partnerships and announcements over each quarter

You will receive full, unrestricted access to the data behind Benchmark’s Cathode Forecast:

  • Online accessible downloads available each quarter
  • Clear and Concise: Your data is presented in Excel and pdf format
  • Implement Your Ideas: Each file is fully customisable so you can input your own assumptions