Following a consultation between July 27 and October 26, Fastmarkets analysed all the feedback collected from the lithium supply chain and came to the decision to increase the pricing frequency of its battery-grade lithium carbonate and lithium hydroxide price - assessed on a cif China, Japan and South Korea basis - to daily from weekly.
In addition, Fastmarkets has amended the names and specifications for its lithium hydroxide prices regarding the expressions of minimum content threshold for LiOH. This was previously wrongly stated as “56.5% LiOH.H2O min,” and now has been amended as “56.5% LiOH min.”
With the amendment of price names and expression of LiOH purity, the increased pricing frequency and the clarification of holiday pricing, the base specification of the two seaborne Asia lithium prices will be as follows, with the proposed changes marked in italics.
Quality: Powder, accepted by buyer for use in battery applications and with the chemical composition: Li2CO3 99.5% min (min. 99.2% Li2CO3 accepted if it can be normalized to 99.5%); Na 0.060% max; Ca 0.016% max; Mg 0.008% max; magnetic impurities 300ppb max
Quantity: Min 5 tonnes
Location: cif main Chinese Japanese & South Korean ports (other ports normalized)
Timing: 60 days
Unit: USD/kg
Publication: Daily, Monday-Friday, 4pm London
Note: When the pricing day falls on a bank holiday in England and Wales, neither prices will be assessed or published.
Quantity: Min 5 tonnes
Quality: Powder, accepted by buyer for use in battery applications and with the chemical composition LiOH 56.5% min; CO2 <0.35%; Ca 0.020% max; SO4 0.015% max; Cl- 0.005% max
Quantity: Min 5 tonnes
Location: cif main Chinese Japanese & South Korean ports (other ports normalized)
Timing: 60 days
Unit: USD/kg
Publication: Daily, Monday-Friday, 4pm London
Note: When the pricing day falls on a bank holiday in England and Wales, neither prices will be assessed or published.
Following the amendment of price names regarding the expression of LiOH purity, Fastmarkets confirms the names of all its lithium hydroxide prices read as follows with changes in italics:
The amendment of the expression of LiOH purity has also been made to the base specifications of the above prices, which can be found in Fastmarkets’ pricing methodology and specification documents.
To provide feedback on Fastmarkets’ lithium price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact Dalila Ouerghi and Susan Zou by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Dalila Ouerghi/Susan Zou re: lithium price assessments.’
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.
