The launch of a battery grade lithium carbonate price assessment comes on the back of consistent and growing market demand for more transparent pricing information.
The broad spectrum of Lithium pricing is as follows;
- Lithium carbonate min 99.5% Li2CO3 battery grade spot price
- Lithium carbonate min 99.5% Li2CO3 battery grade, contract price
- Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price
- Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, contract price
- Lithium minerals: Spodumene min 5-6% Li2O contract price
Prices are based on a US$ per kilo basis.
The London Metal Exchange has partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the Lithium market, which has paved the way for the launch of LME Lithium Hydroxide CIF (Fastmarkets MB).
The new LME battery-grade hydroxide cash-settled futures contract allows stakeholders throughout the Lithium supply chain - from the source to the end user - to mitigate against price volatility.
Details of LME - Fastmarkets’ Lithium pricing and specifications can be found here
The Metal Bulletin Fastmarkets Lithium pricing section can be found here
Platts also provide market prices for Lithium. Platts Lithium Hydroxide CIF North Asia reflects physical spot market prices for min 56.5% purity battery grade lithium hydroxide. Platts CIF North Asia China Lithium Assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the Platts editor each week.
Details of Platts pricing for Lithium can be found here
Lithium carbonate charts
Lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea, $/kg (midpoint)
Lithium hydroxide charts
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea $/kg (midpoint)