Proposal to amend the frequency, publication time of spodumene min 6% Li2O, spot price, cif China, $/tonne

Fastmarkets proposes to amend the frequency and publication time of MB-LI-0012 Spodumene min 6% Li2O, spot price, cif China, $/tonne.

The proposed amendments will see the frequency of the price change from twice weekly to daily, and the publication time move from 3-4pm London time to 1pm London time.

These amendments are being proposed following initial consultations with the market and are based on the volume of data being collected.

This more frequent price assessment mirrors the pricing frequency of the Fastmarkets battery grade lithium hydroxide and carbonate CIF China, Japan and Korea prices, bringing increased transparency to the market, and allowing for more up-to-date comparisons between raw material and chemicals. This move reflects an evolving spodumene market.

This also prompts the proposal to amend the publication time, meaning that spodumene will be published at the same time as the spot lithium hydroxide and carbonate CIF CJK prices.

Fastmarkets constantly reviews the specifications of its lithium prices and is considering a broader review of the specifications for spodumene in the near future.

The proposed new specifications are listed below, with the proposed amendment of price frequency in italics:

MB-LI-0012 Spodumene min 6% Li2O, spot price, 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%
Quantity: minimum 1,000 tonnes
Location: cif China
Timing: 90 days
Unit: USD/tonne
PublicationDaily, 1pm London time

This price is a part of the Fastmarkets industrial minerals package.

The consultation period for the above proposal will start on Tuesday April 2, and end on Monday April 29, with the amended frequency, subject to feedback, taking effect from Wednesday May 1.

All historical data relating to the assessment prior to the amendment will remain available in the pricing section of the Fastmarkets website.

To provide feedback on the spodumene price assessment amendment, or if you would like to provide price information by becoming a data submitter, please contact Callum Perry and Zihao Li by email at: Please add the subject heading FAO: Callum Perry/Zihao Li re: spodumene price assessment. 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, please go to

What to read next
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments, as part of its announced annual methodology review process.
This consultation, which is open until May 16, 2024, seeks to ensure that our methodologies continue to reflect the physical graphic paper market, in compliance with the International Organization of Securities Commissions’ (IOSCO) Principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. Fastmarkets FOEX […]
The key discussion topics across the battery raw materials sector ahead of Fastmarkets' Asian Battery Raw Materials conference taking place in Seoul on April 22-23