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The consultation, which is open until Friday April 4, 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-0044: Lithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp US and Canada, $ per kgQuality: 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 maxQuantity: Min 5 tonnesLocation: ddp US and CanadaTiming: 30 daysUnit: USD per kgPublication: Weekly, Thursday, 10-11am US East Coast time
MB-LI-0045: Lithium hydroxide monohydrate LiOH.H2O, 56.5% LiOH min, battery grade, spot price ddp US and Canada, $ per kgQuality: 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% maxQuantity: Min 5 tonnesLocation: ddp US and CanadaTiming: 30 daysUnit: USD per kgPublication: Weekly, Thursday, 10-11am US East Coast time
MB-LI-0046: Lithium carbonate 99% Li2CO3 min, technical and industrial grades, spot price ddp US and Canada, $ per kgQuality: Min 99% Li2CO3 (qualified for use in technical and industrial applications), powderQuantity: Min 5 tonnesLocation: ddp US and CanadaTiming: 30 daysUnit: USD per kgPublication: Weekly, Thursday, 10-11am US East Coast time
MB-LI-0047: Lithium hydroxide monohydrate LiOH.H2O, 56.5% LiOH min, technical and industrial grades, spot price ddp US and Canada, $ per kgQuality: LiOH 56.5% min (qualified for use in technical and industrial applications), powderQuantity: Min 5 tonnesLocation: ddp US and CanadaTiming: 30 daysUnit: USD per kgPublication: Weekly, Thursday, 10-11am US East Coast timeYou 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: Grace Asenov 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 April 4, 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.