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Lithium price spotlight

Want to keep up with the changes, risks and opportunities of the lithium market? Introducing the lithium spotlight, a free weekly service giving you access to the latest Fastmarkets' battery-grade lithium prices and market analysis.

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Lithium price spotlight

For more information on our full range of lithium prices and methodologies, click here.

Fastmarkets and the London Metal Exchange are collaborating on the development of a lithium benchmark - a move that is unprecedented to date in the commodities markets. Our demonstration that we can keep pace with a rapidly evolving battery raw materials industry and its pricing demands has resulted in the LME selecting us as its partner to continue providing transparency to the lithium industry.

To view all the latest lithium content and analysis visit our Lithium Hub.

Latest battery-grade spot lithium prices

Fastmarkets Lithium Spotlight Price table - Current price of lithium hydroxide and lithium carbonate | Fastmarkets.com

Market & price developments

  • Ample supply offset slightly improved downstream operation rates in China, pressuring China’s battery-grade lithium carbonate price lower.
  • China's industrial-grade lithium carbonate offers firmed with individual producers intending increasing prices.
  • China's lithium hydroxide prices drifted lower due to cheaper offers on the spot market.
  • Asian lithium market still flat with thin spot trades.
  • Europe, US prices steady with participants seeing no short-term signs of recovery.
  • Lithium Americas temporarily halts onsite works at project in Argentina due to Covid-19 cases among workforce.

Additional information

Charging up to deliver the lithium benchmark

Fastmarkets has been selected by the London Metal Exchange as its partner of choice to develop the lithium benchmark.

Building on more than 30 years of experience in pricing the lithium market, we are looking forward to working with the LME and the physical market to develop a definitive roadmap. Out first aim is to provide a pricing mechanism that can be utilized throughout the supply chain and our second aim is to help to develop risk management tools for the industry.

Why were we chosen?

  • Our prices are already being used in physical lithium supply deals
  • Our vast experience and expertise in establishing globally accepted reference prices and indices
  • Our existing presence in the electric vehicle space – the LME and Fastmarkets already partner on a cash-settled LME Cobalt contract and Fastmarkets publishes a number of other relevant indices
  • Our global presence and considerable reach, infrastructure and relationships in Asia, lithium’s largest end-user market
  • Our robust, transparent, IOSCO-compliant and fully auditable lithium pricing methodologies
  • Our 30-year track record in price observation and generation

The physical market is increasingly monitoring spot-based pricing trends for guidance in the formulation of contracts. Although the vast majority of battery-grade lithium products are still traded on a long-term basis, the regularity with which market participant’s update their contract pricing mechanisms has increased over the past two years.

We are constantly looking at ways to improve our pricing mechanisms to reflect the changing demands of physical markets. Constant engagement with all aspects of the supply chain make this possible. We will continue to evolve our lithium pricing mechanisms in line with the standards set by the lithium industry and will continue to work with the market to provide credible and transparent pricing tools.

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