Sectors
Battery & Transition Metals
APF from battery OEM anchors (CATL, LG, Panasonic) + PXF for lithium — $333B market where Caviar builds the proprietary price oracle that doesn't exist at Platts or Argus.
Key figures
How it works
From mine to battery cell — financed at every step.
OEM offtake verification
CATL, LG, or Panasonic purchase orders verified through ERP oracle integration. Battery-grade specification requirements validated on-chain.
Proprietary price oracle
Caviar aggregates transaction data from spodumene auctions, hydroxide contracts, and spot markets — building the price feed that Platts and Argus don't offer.
Conflict minerals compliance
OECD due diligence framework automated. Cobalt provenance from DRC artisanal mines verified through ITSCI-equivalent chain-of-custody tracking.
Settlement on OEM acceptance
When the battery OEM accepts delivery and confirms specification compliance, payment flows automatically to settle the financing. Self-liquidating in 30-60 days.
Capabilities
Pricing where no benchmark exists.
Proprietary battery metals oracle
Caviar builds the price oracle for battery-grade materials — aggregating auction data, bilateral contracts, and spot transactions into a reliable feed.
Spodumene pricing
No listed market exists for spodumene concentrate. Caviar aggregates Pilbara Minerals auction results and bilateral contract data into a financeable benchmark.
Cobalt hydroxide attestation
Battery-grade cobalt hydroxide provenance verified from DRC artisanal mines through processing to cathode precursor delivery. Full chain-of-custody.
Lithium carbonate feeds
Real-time lithium carbonate and hydroxide pricing from Chilean, Argentine, and Australian sources. Automatic margin management as prices move.
OECD conflict minerals compliance
Automated due diligence against OECD guidelines for responsible mineral supply chains. Cobalt, tantalum, and tin provenance verified on-chain.
Cathode supply chain mapping
Full visibility from mine to cathode active material. Every intermediary — concentrator, refiner, precursor producer — mapped and verified.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Price discovery | No reliable benchmark | Proprietary oracle with real-time feeds |
| Provenance verification | Paper-based audits, quarterly | On-chain chain-of-custody, continuous |
| Settlement | 5-10 business days | <6 seconds atomic DvP |
| Minimum ticket | $10M+ per facility | $250K per shipment |
Use cases
Real-world applications
DRC cobalt to CATL
Artisanal and small-scale cobalt mining in DRC financed against CATL offtake agreements. OECD-compliant chain-of-custody from mine to cathode precursor.
Argentine lithium to Tesla
Livent lithium carbonate production in Argentina financed via PXF against Tesla supply agreements. Proprietary lithium oracle for margin management.
Indonesian nickel sulfate to LG
Vale Indonesia nickel sulfate (NiSO₄) production financed against LG Energy Solution offtake. Battery-grade specification verified on-chain.
Deploy battery metals trade finance.
Start with a single OEM offtake corridor. See results in days, not quarters. Expand as trust builds.