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Lithium

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) 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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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.

View our lithium price methodology

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.

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