Fastmarkets NewGen Industrial Minerals short-term forecasts

Understand the short-term dynamics in the lithium market

The industrial minerals markets, notably the lithium market, are moving fast and present supply and price risks to market participants and investors. Although existing supply is likely to support near-term electric vehicle (EV) and energy storage system (ESS) demand, the combination of elevated prices and the greater use of indexation introduces significant price risk. This places a premium on gaining clarity on price dynamics, changes in volumes from existing projects and any new supply from new projects.

Whether the priority is to optimize buying and selling strategies, understand the best contract structures or mitigate risks, the Fastmarkets NewGen Industrial Minerals Short-Term Forecasts give market participants the ability to translate clarity to financial performance.


The Fastmarkets NewGen Industrial Minerals short-term forecasts include:

  • 2-year price forecasts for lithium carbonate and hydroxide domestic China and seaborne Asian prices 
  • Market dynamics and sentiment for a booming EV market, including regional developments and EV take-up by region 
  • In-depth analysis of pricing mechanisms including spot, contract, or formula-based spodumene prices 
  • Average monthly spot price allowing the calculation of the value of contracts using the Fastmarkets lithium benchmarks over their term
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We also offer short-term forecasts for minor metals, click here to find out more
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    We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Read more about the industrial minerals short-term forecast methodology and price specifications here.

    Browse industrial minerals market insights

    Read some of the latest market coverage from our team of price reporters, researchers and editorial team from across the globe

    CMOC expects its growth rate of cobalt supply to gradually ease in the second half of 2024, the company said on August 23. Market participants, however, were divided in their response to the announcement, with some expecting the output reduction to alleviate the current imbalance between supply and demand in parts of the market.

    Spodumene prices rose on Wednesday September 11 after reports of a potential production suspension in China’s Jiangxi province drove up lithium carbonate futures prices on China’s Guangzhou Futures Exchange (GFEX).

    Read Fastmarkets’ monthly battery raw materials market update for September 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more

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