The consultation, which is open until October 31, 2021, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

The prices subject to this annual review are as follows:

Base metals

Alumina

Alumina index adjustment to fob Australia index, Brazil, $/tonne
Alumina index, fob Australia, $/tonne

Aluminium

Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne
Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne
Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne
Aluminium P1020A premium, US Midwest delivered, cents/pound

Secondary aluminium

Aluminium pressure diecasting ingot DIN226/A380, delivered Europe, €/tonne
Aluminum alloy A380.1, delivered Midwest, US cents/lb

Copper

Copper grade A cathode premium, cif Shanghai, $/tonne

Copper concentrates

Copper concentrates TC/RC index, cif Asia Pacific, $/dmtu

Minor metals, ores & alloys

Cobalt

Cobalt alloy grade, in-whs Rotterdam, $/lb
Cobalt hydroxide payable indicator, cif China, $/lb
Cobalt hydroxide index 30% Co min, cif China, $/Ib
Cobalt standard grade, in-whs Rotterdam, $/lb

Manganese ore

Manganese ore 44% Mn, cif Tianjin, $/dmtu
Manganese ore index 37% Mn, cif Tianjin, $/dmtu
Manganese ore index 37% Mn, fob Port Elizabeth, $/dmtu

Industrial minerals

Lithium 
 
Lithium carbonate min 99.5% Li2CO3, battery grade, spot price cif China, Japan & South Korea, $/kg
Lithium Carbonate min 99.5% Li2CO3, battery grade, spot price ex-works China, CNY/tonne
Lithium Hydroxide Monohydrate min 56.5% LiOH.H2O, battery grade, spot price cif China, Japan & South Korea, $/kg
Lithium Hydroxide Monohydrate min 56.5% LiOH.H2O, battery grade, spot price ex-works China, CNY/tonne

Open consultation
In an open pricing notice, Fastmarkets has proposed to increase the frequency of its battery-grade seaborne Asian lithium carbonate and lithium hydroxide price assessments to daily from weekly. This proposal is still open. All other specifications remain the same.

To provide feedback on the annual review of the above-listed prices, please contact pricing@fastmarkets.com. For feedback or comment related to base metals, please add the subject heading ‘FAO: Alice Mason, re: audited base metals methodologies.’ For feedback or comment related to minor metals, ores & alloys, please add the subject heading ‘FAO: Janie Davies, re: audited MOA methodologies.’ For feedback or comment related to industrial minerals, please add the subject heading ‘FAO: Davide Ghilotti, re: audited IM methodology.’

Please specify if your response is confidential. Opinions offered in confidential responses may be referenced, but will not be attributed in any way. 

Fastmarkets will publish the outcome of this annual review by November 6, 2021, including a summary of the feedback - with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is for the industry.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.