There is no doubt that the lithium market is changing, driven primarily by demand from the battery boom. The question is, how do you keep up with the changes, risks and the opportunities?
For more than 30 years, we have been bringing transparency to the lithium industry via independent and reflective prices. We were the first price reporting agency (PRA) to achieve Type 1 IOSCO assurance in the lithium space. In September 2019, we upgraded our accreditation level from Type 1 to Type 2.
Our price specifications have been developed to mirror specific compounds and end-uses, including a suite of specialist battery-grade lithium prices, to help all industry participants better manage their exposure as this market evolves.
Fastmarkets has been selected by the London Metal Exchange (LME) and the CME Group as its partner to develop the lithium price benchmark. This global strategic partnership will develop a definitive roadmap aimed at providing a pricing mechanism for lithium that can be utilized throughout the supply chain and will support the development of risk-management tools for the industry.
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Deep dive into this important market at our annual conference: Lithium Supply & Markets 2021 on September 20-22, 2021. Learn more and register here.
Lithium complex steady at high levels
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Supercycle demand boom faces labor shortages
As demand for battery raw materials grows, economic conditions and supply constraints are driving prices higher while labor shortages could affect the development of new lithium projects.Read more
Three key points about lithium futures contracts
Experts from the battery value chain share insights into the evolution of lithium prices and how the new lithium futures contract will help manage riskRead more
Fastmarkets & CME Group launch cash-settled lithium contract
New lithium contract helps market participants mitigate risk as the growing electric vehicle sector increases the interest in lithium futures.Read more
How the lithium market is moving forward
With prices on the rise again, we look at how the lithium market has developed since the last significant price rises in 2017/18.Read more
Why IOSCO accreditation is significant for lithium
Fastmarkets was the first PRA to achieve Type 1 IOSCO assurance for lithium prices. What does this mean and why is it important? Our team discuss accreditation and the importance of auditable prices.Read it in full
The emerging European battery supply chain
Europe looks to regionalize battery supply chains to capitalize on EV growthRead more
Our price assessment process
Being clear about our price assessment and index process is important.
Our methodology is aligned with core IOSCO principles and we have successfully completed an additional independent assurance review (from PricewaterhouseCoopers) for our financial benchmarks.
The review process is an arduous one, examining relevant aspects of internal processes to ensure their quality and integrity. The Principles seek to hold PRAs accountable to providing reliable, impartial, representative and transparent benchmarks for the market to use in physical trading, risk management, analysis and planning purposes.
“Completing this assurance engagement, which examined our responses to the Principles over a 12-month period, is a major milestone and is recognition of the integrity of our processes and controls.” Raju Daswani CEO, Fastmarkets.
You can be confident that our pricing process is impartial and market reflective.
We also publish trade logs which lay out business, bids and offers that have been used to inform our price assessments.
View an example here.
We provide comprehensive coverage of the entire battery raw materials supply chain
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