The Lithium ion Battery Raw Material Price Index allows electric vehicle and energy storage end users to track the real-world proportionate percentage movement in the cost of the critical battery cathode raw materials over time, and tie this to their relative application of lithium ion battery cathode chemistries on a per kilowatt hour (kWh) basis.

The data is designed specifically to be used in lithium ion battery cell supply contracts, allowing suppliers and customers to accurately track the relative movement in raw material battery costs to use in a cost pass through structure, without surrendering confidential upstream contract price structures or details.