PRICING NOTICE: Discontinuation of lithium carbonate index, exw China

Fastmarkets has discontinued the publication of its lithium carbonate index, exw China, with effect from October 5.

Following a consultation period, Fastmarkets has decided to discontinue the MB-LI-0042 lithium carbonate index, min 99.5% Li2O3, battery grade, ex-works China, due to its other price assessments for the battery-grade lithium market emerging as the industry ‘s preferred benchmarks.

The consultation period, which started on September 1, ended on October 2 with changes taking place from October 5.

The lithium carbonate index, exw China, was published weekly on a yuan per tonne basis and was a tonnage weighted average, calculated using the same data collected to inform the price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China.

Price discovery for the price assessment will not change as a result of the index’s discontinuation.

The index is not used or referred to on a large scale, and Fastmarkets’ price assessments for battery-grade lithium compounds assessed on a cif China, Japan and Korea basis are emerging as the frontrunners to be industry benchmarks.

If you have any comment on the discontinuation of this index, or if you would like to provide price information by becoming a data submitter to the index, please contact Carrie Shi by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Carrie Shi re: lithium index.’

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
After an extended consultation period, Fastmarkets will launch two new European aluminium low-carbon value-added product (VAP) differentials to complement its existing low-carbon offering in Europe and begin the phased discontinuation of the existing MB-AL-0382 aluminium low-carbon value-added product differential.
Fastmarkets is inviting feedback from the industry on the pricing methodologies for Log Lines and Woodfiber & Biomass Markets as part of its announced annual methodology review process.
Please note Fastmarkets has corrected its assessment for MB-MG-0005 magnesium, 99.9% min, ex-whs Baltimore, US cents/lb, which was erroneously published a week early on Thursday November 9.
Please note Fastmarkets has corrected its index assessments for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, MB-STE-0416, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, MB-STE-0417, which were published incorrectly on Thursday November 9.
Fastmarkets proposes to amend the publication time of its Bangladesh steel scrap import price assessments to 4pm UK time from 5-6pm Singapore time currently.
Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 5 and November 3. This consultation was done as part of our published annual methodology review process.