Amendment to nickel sulfate cif Japan, Korea assessments

Following a consultation period, which closed on Friday August 16, Fastmarkets will amend its nickel sulfate CIF Japan and Korea premium and all-in price assessments from a single price to a range.

The amendment is to reflect the price variations against the backdrop of the United States Inflation Reduction Act (IRA) in addition to price variations on origins of the raw material in the international battery-grade nickel sulfate market and provide greater clarity.

The proposed change applies to the following price assessments:

MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, Korea (other ports normalized)
Timing: Within 60 days
Unit: USD/tonne
Publication: Weekly. Friday, 4pm London time

MB-NI-0247 Nickel sulfate premium, cif Japan, and Korea, $/tonne
Quality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% max, min 22%, cobalt 50ppm max
Quantity: Min 1 tonne
Location: cif major ports Japan, and Korea, on top of monthly average LME nickel cash price
Timing: Within 60 days
Unit: USD/tonne
Publication: Weekly. Friday, 4pm London time

These prices are a part of the Fastmarkets base metals package.

To provide feedback or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Sybil Pan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sybil Pan, re: Nickel sulfate methodology.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.