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The consultation, which is open until May 18, 2023, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for in compliance with the IOSCO principles for PRAs. This includes all elements of our pricing process, our price specifications and publication frequency.
The prices subject to this review are as follows:
MB-LI-0012 – Spodumene min 6% Li2O, spot price, cif China, $/tonneQuality: A mineral concentrate accepted by buyers for conversion in lithium chemicals used in battery applications (any size will be accepted) and with the following chemical composition: Li2O 6% (min 5.7 Li2O and max 6.1% Li2O accepted if it can be normalized to 6%); Fe2O3 < 1.3% (max 1.5% Fe2O3 accepted if it can be normalized to < 1.3%), H2O<10%Quantity: 1,000 tonnesLocation: CIF ChinaTiming: 90 daysUnit: USD/tonnePublication: Fortnightly, Thursday, 3-4pm London time
MB-CO-0017 – Cobalt sulfate 20.5% Co basis, exw China, yuan/tonneQuality: Crystal; feed from cobalt ores & concentrates, cobalt intermediates, such as crude cobalt hydroxide (materials produced from cobalt scrap are excluded); chemical spec: Co: 20.5% min, Ni: 0.001% max, Cu: 0.001% max, Fe: 0.001% max, Zn: 0.001% maxQuantity: Min 1 tonneLocation: Ex-works ChinaTiming: Within 30 daysUnit: CNY/tonnePayment terms: On bank acceptance (other payments normalized)Publication: Twice weekly. Wednesday and Friday, between 2pm and 3pm London time
MB-GRA-0042 – Graphite flake 94% C, -100 mesh, fob China, $/tonneQuality: Flake 94% C, -100 MeshQuantity: Min 20 tonnesLocation: FOB China, FCLUnit: US$ per tonnePublication: Weekly, Thursday by 4pm, London
MB-GRA-0036 – Graphite spherical 99.95% C, 15 microns, fob China, $/tonneQuality: 99.95% C, 15 microns, uncoatedQuantity; Min 20 tonnesLocation: FOB ChinaUnit: US$ per tonnePublication: Weekly, Thursday by 4pm London
You can find the current methodology documents for the above prices here.
To provide feedback on the annual review of the above-listed prices, please contact pricing@fastmarkets.com. Please add the subject heading “FAO: Jon Stibbs, Jingtai Lun re: audited IOSCO methodologies annual review.”
Please specify if your response is confidential. Opinions offered in confidential responses may be referenced, but will not be attributed in any way.
Fastmarkets will publish the outcome of this annual review by May 25, 2023, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is for the industry.
To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.