Weekly spot price snapshot for key battery cathode and anode raw materials. Updated every Monday. Data sourced from commodity market reports and industry trackers. This article is updated in-place each week — all historical data is preserved below. Current Snapshot Week of May 25, 2026 Material Price Unit WoW Lithium Carbonate (CNY) 183,250 CNY/ton -4.3% Lithium Carbonate (USD) $25.29 USD/kg -4.3% Cobalt $25.53 USD/lb 0.0% Nickel $18,535 USD/ton -0.1% Manganese Sulfate $975 USD/ton +14.7% Natural Graphite $750 USD/ton +7.1% ⚗️ Chemistry Cost Sensitivity Calculator Interactive See how today's commodity prices translate into cell-level $/kWh costs across LFP, NMC 811, NMC 622, and Sodium-Ion chemistries. Adjust sliders to model price scenarios. Open Calculator → What the Numbers Mean Lithium carbonate prices reflect continued pressure from Chinese overcapacity. Cobalt remains range-bound amid DRC supply stability. Nickel tracks LME spot with NMC demand providing a floor. Natural graphite supply chains are increasingly focused on non-Chinese anode sources as IRA compliance tightens. Historical Trend All weekly readings since tracking began, newest first. Week of Li CNY/t Li USD/kg Co USD/lb Ni USD/t Mn USD/t Gr USD/t May 25, 2026 183,250 $25.29 $25.53 $18,535 $975 $750 May 18, 2026 191,500 $26.43 $25.53 $18,560 $850 $700 May 11, 2026 195,250 $26.94 $25.53 $18,890 $1,110 $1,645 May 4, 2026 177,000 $24.43 $25.53 $19,180 $420 $750 April 27, 2026 176,000 $24.29 $25.53 $18,625 $420 $750 April 22, 2026 171,000 $23.72 $25.53 $18,120 $975 $750 April 16, 2026 167,500 $23.12 $25.54 $18,075 $900 $750 April 7, 2026 159,000 $21.94 $25.53 $16,900 $420 $750 March 30, 2026 164,500 $22.70 $25.53 $17,010 $420 $750 March 23, 2026 146,500 $20.22 $25.53 $16,770 $420 $750 March 16, 2026 156,500 $21.60 $25.53 $17,340 $420 $750 March 9, 2026 154,750 $21.36 $25.53 $17,352 $390 $780 March 2, 2026 172,500 $23.81 $25.54 $17,289 $420 $750 Data is indicative and sourced from public commodity market reports. Prices may differ from contracted long-term supply agreements. For professional trading or procurement, consult primary data sources. Updated weekly every Monday.