Caspar Rawles

Chief Operating Officer - @Benchmarkmin | Leading advisory for lithium ion battery to EV supply chain

[Caspar Rawles @CDMRawles]

Benchmark launches daily cobalt metal price 🗓️⚙️

100% transaction‑based daily price brings transparency and trust to a volatile cobalt market - complementing @benchmarkmin daily hydroxide price and strengthening market confidence.

🔗 Learn more:

https://t.co/7eT9cyeWDT

[🎙Redefining Energy podcast @Redef_Energy]

🎙️Ep184. Market dynamics and Pricing of Battery Materials
#applepodcast https://t.co/d28wFPPtZY
#spotify https://t.co/LswQeD8qcp
@gerardreid14 and @MegaWattXinfo welcome @CDMRawles COO @benchmarkmin to discuss Lithium markets and more.

[Benchmark Mineral Intelligence @benchmarkmin]

Introducing Giga Africa 🌍 Marrakech, 22-24 September 2025

Benchmark is proud to launch #GigaAfrica 2025 in Morocco – the latest addition to the globally renowned Giga conference series.

This landmark event will spotlight Africa’s accelerating role in the global #battery supply chain, with Morocco emerging as a strategic hub connecting Western, Asian, and Middle Eastern markets.

As supply chain investment surges across the region, Giga Africa will offer unmatched analysis, market insight and networking opportunities – bringing together leaders from government, finance and industry to catalyse new partnerships and unlock regional potential in the #energystorage revolution.

📍 Four Seasons Resort, Marrakech
📆 22-24 September 2025

Register your interest to secure your place at Benchmark's inaugural Giga Africa ➡️ https://t.co/BjVWANlNrm

[Caspar Rawles @CDMRawles]

Full commentary available in Benchmark's Cobalt Price Assessment - contact us for more details:

https://t.co/ENcFosBZSr

[Caspar Rawles @CDMRawles]

���🇩 DRC #cobalt export ban update

@benchmarkmin cobalt sulphate (EXW China) price 📈 +26.9% WOW. Prices rising to an average of $4,554/tonne ($22,215/tonne in Co contained)

Low inventories (<1m) & more liquid trading in China has seen cobalt sulphate prices respond first

[Caspar Rawles @CDMRawles]

Cobalt hydroxide remains illiquid as buyers choose to consume inventory (typically higher stocks 2-3m) and sellers hold off making offers, taking a wait and see approach to trading, with prices having not responded to the ban to date

[Adam Megginson @adam_benchmark]

🌎 Benchmark Lithium Price Index falls 4.6% driven by falling prices outside China, as bearish summer sentiment extends into July

🇨🇳 In the Chinese domestic market prices tick down as short term demand expectations remain negative

#Cell sales in June exceeded production, so producers were destocking inventory

But these players are still only buying to order – a sign that they do not expect prices to rise significantly in the short term

North American chemicals prices fall most sharply amid particularly quiet market activity

🔗 CIF Asia chemicals price movements weigh on #spodumene prices, which fall marginally

ℹ️ For more on what's driving price changes for all 16 #lithium grades we assess: https://t.co/PpuJu8aOpp

[Caspar Rawles @CDMRawles]

Read the full announcement here:

https://t.co/vfxbg2Enml

[Caspar Rawles @CDMRawles]

Very please to announce @rhomotion will be joining @benchmarkmin as we grow and expand our offering

As Benchmarks first major acquisition Rho is the perfect partner to add more depth to both companies already market leading analysis

I look forward to working with the team!

[Caspar Rawles @CDMRawles]

Following Biden’s announcement here’s the view of where cells🔋come from - >80% of current capacity sits in 🇨🇳 - @benchmarkmin data

One step up (anode + cathode) this rises to 90%

The geopolitics of these supply chains can’t be underestimated, big step up from 🇺🇸 today

[Caspar Rawles @CDMRawles]

@EdConwaySky @Tilefloorguru21 @sdmoores Will depend on model variant (standard range vs extended) but an increasing portion coming from Berlin. Will be back with more specifics

[Benchmark Mineral Intelligence @benchmarkmin]

🚨 BHP proposes £31 billion takeover of Anglo American

⛏️ If realised, the deal would turbocharge BHP's copper portfolio and create a copper giant which accounts for 10% of global mined output - Benchmark data

💡 Benchmark's #copper team will provide further analysis of the proposed deal and wider market developments on a regular basis as we build towards the launch of our copper market coverage - https://t.co/AhuVbbk9qO

✅ Sign up here to receive exclusive insights and analysis from Benchmark's experts as soon as they are released - https://t.co/jBUzvrv1Vw

[Benchmark Mineral Intelligence @benchmarkmin]

⚡ Sweden’s Minister for Energy, Business and Industry and Deputy Prime Minister, @BuschEbba, shared words of welcome at Giga Europe 2024 this morning:

“We have excellent conditions for producing sustainable and resource-efficient #batteries. And we have strong actors along the entire value chain” Busch told delegates.

"The European Critical Raw Materials Act has the potential to increase extraction, #recycling and processing within the EU, for example, through streamlined permitting processes.”

Further live coverage of #GigaEurope to follow 💡

[Caspar Rawles @CDMRawles]

@joshisblonde @LithiumIonBull @globallithium @sdmoores @RodneyHooper13 @ReviewBattery @paola_rojas … even expansions take yrs to achieve (7-10yr for new). Your question was about the next 10 years, which means investments need to happen now to fulfil that timeframe. So counter to Elons point, with time considered mining is the constraint + getting to grade ie refining

[Caspar Rawles @CDMRawles]

@joshisblonde @LithiumIonBull @globallithium @sdmoores @RodneyHooper13 @ReviewBattery @paola_rojas I think some nuance is being missed. Yes lithium is abundant, but it’s really a case of timing. Getting battery grade material to the cathode plants when it’s required. You can’t just ask miners to “make more stuff” and expect it to happen quickly…

[Simon Moores @sdmoores]

China 🇨🇳 expected to reach 50% EV penetration rate as early as 2025, 10 year ahead of original schedule.

Miao Wei, former minister of industry and information technology, said "China's new energy vehicle development has entered a brand-new stage of comprehensive market expansion, which will drive the NEV penetration rate to reach 50 percent as early as 2025." 

🌎 https://t.co/kzfeurO7Fr

[Benchmark Mineral Intelligence @benchmarkmin]

💡 Majority Chinese-owned companies will produce a large but declining share of nickel suitable for #batteries made in Indonesia out to 2030.

💲 Western investment will drive the trend - still, 90% of Indonesian #nickel will come from producers under some Chinese ownership in 2030.

🔍 Benchmark's new infographic visualises the story below - read our analysis here: https://t.co/jKUbfubvIE

✅ Benchmark's Nickel Forecast provides an in-depth market outlook for supply, demand, prices and costs across all regions out to 2040.

➡️ Contact us to learn more about Benchmark's market forecast, price assessments and #sustainability analysis: https://t.co/3WeOwnDEN2

#lithiumionbatteries #criticalminerals #cathode

[Caspar Rawles @CDMRawles]

Following the launch of Benchmark’s Sustainable #Lithium Carbonate price grade 🌱

Sign up for this free webinar (link in post below) to delve into the methodology and evolving lithium pricing with a focus on sustainability…

[Benchmark Mineral Intelligence @benchmarkmin]

Webinar next week - Sustainable Lithium

Sustainable Lithium: Prices, Economics & Availability
Thursday 18 January
07:00 - 08:00 (GMT)
15:00 - 16:00 (GMT)

Senior Benchmark experts will discuss:

▪ The evolution of #lithium prices

▪ The methodology behind Benchmark’s new Sustainable Lithium Carbonate (CIF Asia) spot price

▪ Findings from Benchmark's Lithium Sustainability Index

▪ The long-term outlook for lithium supply, demand, costs and prices

➡️ Register for your desired session ➡️ https://t.co/yGmNTGyZiu

[Caspar Rawles @CDMRawles]

Long awaited guidance on the IRA’s FEOC definition was issued today by the US Govt.

Read what it means for the #lithium ion #battery supply chain in the @benchmarkmin Source article below:

https://t.co/JsOGsiGCUG

[Caspar Rawles @CDMRawles]

Benchmark’s first ever investment - welcome Spectrum Equity!

This investment is going to enable us to accelerate what we do best - bringing the most accurate and trusted price assessments, data and intelligence to the energy transition space.

Full info linked below:

[Benchmark Mineral Intelligence @benchmarkmin]

💫 Benchmark Mineral Intelligence - the world’s leading provider of independent prices, data, and advisory services for the lithium ion battery and electric vehicle (EV) supply chain - has closed its first ever equity investment led by Spectrum Equity.💫

Full press release is here - https://t.co/lD1jZVwdb1

Spectrum is a leading growth equity firm focused on internet-enabled software and global data intelligence businesses. Since the firm’s inception, Spectrum has raised $11.2 billion in limited partner capital and invested in 170+ companies across the information economy.

Benchmark has emerged as the industry standard for lithium and critical mineral prices, data and supply chain intelligence used in major contract negotiations, infrastructure investment and government policy decision making.

As a result, the company has seen over 500% sales growth over the past three years as it built out its customer base, product portfolio and global footprint.

This outside investment will enable Benchmark to accelerate its expansion in analysing key energy transition technologies and their supply chains.

“We are delighted to welcome our first ever investor in Spectrum Equity,” said Simon Moores, CEO of Benchmark.

Parag Khandelwal, Managing Director at Spectrum Equity said: “Simon and the entire Benchmark team have built an exceptional company, and their independent market price assessments and supply chain data are trusted by all major market participants to make business and investment decisions that are shaping this new energy economy.”

Adam Margolin, Managing Director at Spectrum Equity said: “We are thrilled to partner with Team Benchmark. The energy transition presents a once in a generation opportunity for an independent, upstart company like Benchmark to solve the ongoing price and data requirements of the lithium ion battery supply chain, a core component of the energy transition.”

Read the full statement here - https://t.co/lD1jZVwdb1

For more information, please contact:

Nick Burroughs, Head of Subscription Sales
[phone]
[email protected]
General: [email protected]
Product Enquiries: https://t.co/JG7L5G2ZXM