PRICING NOTICE: Amendment to spodumene cif China specification, discontinuation of two spodumene prices

After a period of consultation, Fastmarkets will amend the specification of its spodumene cif China price and discontinue its fob Australia and 7-7.5% cif China prices to better reflect emerging norms in the spodumene market that serve the lithium battery-grade chemicals industry.

Fastmarkets will refine the quality of spodumene accepted in the assessment and add a delivery window for its spodumene 5-6% Li20 min, cif China price.

The specification will be as follows (changes in bold):

MB-LI-0012 Spodumene 5-6% Li20 min, cif China, $/tonne
Quality: 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%
Location: cif China
Timing: 90 days
Unit: USD/kg
Publication: Monthly, last Wednesday of the month, 3-4pm London time

Fastmarkets will discontinue the following spodumene price assessment, which we believe is not reflective of current prevailing industry practices, where most of the trade takes place on cif China basis:

MB-LI-0017 Spodumene 5-6% Li20 min, fob Australia, $/tonne

Fastmarkets will also discontinue the following spodumene price assessment due to limited demand-supply dynamics of the market in question and to focus on its core markets:

MB-LI-0011 Spodumene min 7-7.5% Li2O, cif China

Following the results of this consultation, the above changes will take place on Thursday October 1.

The last spodumene price assessments with the previous methodology will be on September 30.

To provide feedback on these specification amendments or if you would like to provide price information by becoming a data submitter to these prices, please contact the price reporters Dalila Ouerghi or Carrie Shi by email at Please add the subject heading “FAO: Dalila Ouerghi/Carrie Shi, re: amendments to Spodumene price assessments specifications.”

To see all Fastmarkets’methodology and specification documents go to

What to read next
Fastmarkets proposes to amend its MB-NI-0246 nickel sulfate, cif Japan and Korea, $/tonne price and MB-NI-0247 nickel sulfate premium, cif Japan and Korea, $/tonne from a single price to a range.
Fastmarkets’ pricing database has been updated. The steel billet index export, fob Black Sea, CIS price was published at $496 per tonne on July 19. This price is part of the Fastmarkets steel price package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price […]
Fastmarkets (Random Lengths) plans to formally launch the industry’s first daily price assessment for Southern Yellow Pine #2 2x4 (eastside) on Thursday 8 August along with more than a year of pricing history.
Fastmarkets proposes to discontinue its weekly price assessment for steel reinforcing bar (rebar) domestic, ex-whs Northern China.
Fastmarkets launches MB-STE-0918 Electrical steel, non-grain oriented, ex-whs Eastern China, $/tonne and MB-STE-0919 Electrical steel, non-grain oriented, cfr India, $/tonne on July 19.
Fastmarkets has amended the name of MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb as of Wednesday July 17.