Following the extended consultation, the assessment will move from twice weekly to daily, with the publication time moving from 3-4pm London time to 1pm London time.
This move reflects an evolving spodumene market and brings the spodumene price more in line with Fastmarkets’ battery grade lithium hydroxide and carbonate CIF China, Japan and Korea prices in terms of frequency and timing, facilitating more up-to-date comparisons between the prices.
Spodumene is a key feedstock in the production of lithium salts.
The first publication of the price using the amended time and frequency will take place on Wednesday May 1.
The new specification is as follows:
MB-LI-0012 – Spodumene min 6% Li2O, spot price, cif China, $/tonne
Quality: A mineral concentrate accepted by buyers for conversion in lithium chemicals used in battery applications (any size will be accepted) and with the following chemical composition: Li2O 6% (min 5.7 Li2O and max 6.1% Li2O accepted if it can be normalized to 6%); Fe2O3 < 1.3% (max 1.5% Fe2O3 accepted if it can be normalized to < 1.3%), H2O <10%
Quantity: minimum 1,000 tonnes
Location: CIF China
Timing: 90 days
Unit: USD/tonne
Publication: Daily, 1pm London time
This price is part of the Fastmarkets’ industrial minerals package.
To provide feedback on the spodumene price assessment amendment, or if you would like to provide price information by becoming a data submitter, please contact Callum Perry and Zihao Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Callum Perry/Zihao Li re: spodumene price assessment.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, please go to https://www.fastmarkets.com/methodology.
