Fastmarkets webinar - What's driving the battery raw materials markets? Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. Lihtium prices: Lithium hydroxide and Lithium hydroxide prices from Fastmarkets MB, hosted by the London Metal Exchange and updated every Friday. Fastmarkets assessed the spodumene 6% Li2O min, cif China price at $450-460 per tonne on Wednesday January 27, posting its third consecutive monthly gain and an increase of 15.9% from $390-400 per tonne at the end of December. Despite these efforts, the price of spodumene concentrate (6% lithium) fell another 5% during October to average $480–$550 a tonne. For the purposes of the following disclaimer, ‘we’ or ‘us’ shall be construed to mean Euromoney Global Limited and words such as ‘our’ shall be construed accordingly. Chile produces most of the element for the world market, with Australia coming in second. The weekly midpoint prices for Fastmarkets MB's key assessments for lithium hydroxide are published on this page each Friday. While lower lithium prices have impacted sales revenue at lithium brine and mineral conversion facilities, production cost have remained largely stable in 2019. The purchase price for lithium concentrate is determined as of the first day of each month, for that month, calculated as a percentage of the previous 30 day moving average price of 99.5% lithium carbonate as published by Asian Metals (the Benchmark). Continued weak spodumene concentrate prices have caused lithium mineral operations to target reducing production costs through improved recovery, strip ratios and in-situ grades. Battery-grade lithium carbonate and hydroxide prices in Europe and the US were unchanged this week but more sellers are looking to provide higher price indications on the back of bullish technical grade fundamentals. LME Cobalt (Fastmarkets MB) liquidity windows. New mines and increased production have brought a glut of material to market, hammering lithium prices. Your use or reliance on any prices or other information published by us is at your sole risk. Lithium concentrate is similar to powder in that it is made up of minute, dry particles of pure substance. Concentrate Rare Earth Oxides Rare Earth Metals Home > Price > Non-Ferrous Metals > Aluminum. Fastmarkets has consulted extensively with the physical market to develop clear lithium specifications which can be used as the basis for contractual negotiations. Click to skip ahead and jump to the 5 biggest lithium mining companies in the world. Neither we, nor any of our officers, employees or representatives shall be liable to any person for any losses or damages incurred, suffered or arising as a result of use or reliance on the prices or other information contained in this publication, howsoever arising, including but not limited to any direct, indirect, consequential, punitive, incidental, special or similar damage, losses or expenses. The sale of this 120,000 tonnes of lithium concentrate is with chemical converters in China who produce both lithium carbonate and lithium hydroxide. Lithium latest news February 2021 US carmaker Ford commits to sustainable battery raw materials sourcing. Find out more here. We've established the LME Lithium Committee, which is an important advisory body including key participants from across the lithium industry. You can find out more and withdraw your consent at any time. All rights reserved. Find out here. Cookie Policy. O delivered, resulting in an agreed price of up to US$905/t for a 6% lithium concentrate. We have worked closely with the lithium industry to develop a contract which will have the longevity to support the rapidly evolving battery materials sector. In the US you can only find a single mine in the whole country. Such information is intended to be available for your general information and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Demand. Fastmarkets blog - What does it mean to be a 'data submitter' and contribute to Fastmarkets' price discovery? ... Expectations of higher post-holiday silicon metal prices drove some traders and downstream users to restock in advance. Lithium demand growth during FY19 moderated to reflect … Includes online access to our lithium price database. We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. Two factors determine the price of lithium, and first we need to consider abundance. To discover more about Fastmarkets’ lithium pricing specifications, visit their methodology page. The JV … Your investment actions should be solely based upon your own decisions and research and appropriate independent advice should be obtained from a suitably qualified independent adviser before any such decision is made. Sources continued to report tight availability of lithium carbonate technical grade with offers up to $10 per kg. Lithium Price Assessment. Monthly Subscription: Price assessments and global market analysis on lithium carbonate, lithium hydroxide and spodumene concentrate.Tells you what is happening in the industry now. Nanoparticles also produce very high surface areas. © 2021 The London Metal Exchange - an HKEX Company. Concentrate is also useful in any application where high surface areas are desired such as water treatment and in fuel cell and solar applications. Fastmarkets MB Lithium methodology and price specifications. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. Change orientation to land scape to view the price table. The new LME battery-grade hydroxide cash-settled futures contract will be the first of its kind, allowing stakeholders throughout the lithium supply chain - from the source to the end user - to mitigate against price volatility. VANCOUVER – SIGMA Lithium Resources Corporation (TSXV: SGMA) (OTC-QB: SGMLF) announced that it has closed its previously announced upsized non-brokered private placement of common shares and has issued 9,545,455 common shares at a price of C$4.40 per share (which is 10% above the initial indicated price) for gross proceeds of C$42.0 million. The London Metal Exchange has partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market. "We expect prices for lithium to pick-up next year, and lithium concentrate exports more than double by 2024." ... Back in FY18, the company was selling lithium concentrate for an average of US$927 per dry metric tonne (dmt). There’s only as limited supply of this element, because it only makes up 0.0007 percent of the Earth’s crust. Our data will give you not just the real-time costs of lithium carbonate but also its market trends and projections. In this article we are going to list the 15 biggest lithium mining companies in the world. Fastmarkets’ monthly lithium spodumene min 5-6%, cif China price stood at $600-750 per tonne on December 26, 2018. How does Fastmarkets MB use defined pricing procedures combined with an independent market perspective and information direct from the market to produce industry leading price assessments? Lithium price: Spodumene is getting crushed While demand growth continues to accelerate the supply response has been dramatic. Belgium's lithium hydroxide and oxide import volume rose 98.19% YoY in Oct 2020 [02-05] United States' lithium hydroxide and oxide import volume fell 80.36% MoM in Nov 2020 [02-05] Chile's lithium carbonate export volume rose 26.84% MoM in Oct 2020 [02-05] United Kingdom's lithium hydroxide and oxide import volume rose 141.45% YoY in Oct 2020 [02-05] We use cookies for statistical and measurement purposes, to help improve our website and provide you with a better online experience. Any copying, republication, redistribution or use for commercial purposes of our content, including by caching, framing or similar means, is expressly prohibited without a required licence and/or consent to do so from us. The surge in demand for lithium compounds was first reported at the end of 2015 due to the inability of traditional brine producers to fulfil existing battery industry demand. Neither we nor any of our providers of information make any representations or warranties, express or implied as to the accuracy, completeness or reliability of any advice, opinion, statement or other information forming any part of the published information or its fitness or suitability for a particular purpose or use. Continued adoption of reference pricing across the industry will pave the way for the launch of an LME lithium futures contract – LME Lithium Hydroxide CIF (Fastmarkets MB) – in H1 2021. Spodumene Concentrate(6%,CIF China) price historical Data. West Australian lithium miner Mineral Resources has slashed a further US$88 off its spodumene concentrate price in a sign the lithium glut has not yet ended. Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. This information has not been independently verified by us. Fastmarkets - Charging up: lithium prices you can rely on, LME News - LME progresses plan to provide pricing solutions for the lithium industry, Fastmarkets news - Fastmarkets' lithium partnership with the LME - FAQs, Fastmarkets blog - Why index pricing is crucial for the lithium supply chain, Fastmarkets news - A message from Raju Daswani, Fastmarkets CEO, on Fastmarkets lithium partnership with the LME, Fastmarkets news - Fastmarkets partners with the LME to develop lithium price benchmark. Lithium is a soft metal, the lightest in the periodic table, with a silvery white appearance that reacts immediately with water and air. Tungsten ore mining quotas in 2021 up by 20%, tight supply situation to be eased, The first batch of quota for rare earth mining, smelting and separation in 2021, Overseas Mn ore offers: UMK April offers for South African 36% Mn ore, SMM Evening Comments (Feb 19): Shanghai nonferrous metals rose across the board for the 2nd day. Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices for lithium carbonate traded in China. Lithium - data, forecasts, historical chart - was last updated on February of 2021. The information published has been prepared solely for informational and educational purposes and is not intended for trading purposes or to address your particular requirements. We are not an investment adviser, a financial adviser or a securities broker. Evaluations or calculations of prices and price indices by us are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. Prices for chemical grade lithium carbonate, lithium hydroxide and Spodumene, 2011-18: Source: Roskill, Benchmark Minerals At present there is no futures market in lithium, but the London Metals Exchange (LME) announced in August 2017 that it was evaluating the option of offering a futures contract having been approached to consider the possibility by industry players. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use. Friday, 05 February 2021 Lithium carbonate prices in Europe and the United States as well as the seaborne Asia market rose in the week to Thursday February 4, supported by the continued uptrend in … MinRes noted a 50 per cent reduction in its average realised lithium spodumene concentrate price on prior corresponding period at $459 per tonne. By clicking I accept you agree to such purposes. Lithium also has the highest electrochemical potential, which enables it to achive very high energy and power densities. Benchmark Minerals can provide intelligence on the industry, primarily spodumene concentrate prices. A Starting Point in the Lithium-Ion Battery Supply Chain Lithium prices hit a 14-month high. GLOBAL LITHIUM WRAP: China price momentum continues to drive up other global markets. The S&P Global Platts assessment for lithium spodumene concentrate with 6% lithium oxide content (SC6) has fallen from $640/mt FOB Australia in January 2019 to $545/mt in September 2019. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Historical price data is only for members, please . “As it turned out, we saw the low point in lithium carbonate prices reached in July 2020, with prices then rising 14 percent off the lows by the year end,” he told INN. HSBC estimates ~50% of new supply to 2025 is uneconomic below market prices of US$9k/t¹, which could possibly result in supply rationalisation during FY20 and a correction to the lithium market balance. The information provided is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, commodity, financial product, instrument or other investment or to participate in any particular trading strategy. Lithium Iron Phosphate (LFP) as a cathode material of choice lost competition to Lithium Nickel Oxide and Lithium Manganese Oxide some time ago, but with reduction of subsidies on Chinese market this year it has a potential to regain a market share, due to its cost competitiveness and particularly weak demand for several months that drove its price to the levels more than 40% lower year over year, and as low as USD 7450-7600/MT … Prices of the lithium raw material are typical driven by downstream price trends. Those prices and price indices that are evaluated or calculated by us represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to us. In July last year, prices were above $900 a tonne. For further information please email our Sales team. It doesn’t occur naturally in elemental form, either.With such a limited supply, any increas…