After a one-month consultation period, which closed on Friday December 1, Fastmarkets has amended the pricing frequency of its spodumene min 6% Li2O, spot price, cif China to twice weekly from fortnightly. During the consultation period, Fastmarkets did not receive any objections to the amendment.
This more frequent price assessment enables Fastmarkets to reflect a more active spodumene market, with spodumene pricing becoming more closely connected to lithium chemicals prices.
The new specifications are listed below, with the 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: 1,000 tonnes
Location: cif China
Timing: 90 days
Unit: USD/tonne
Publication: twice a week, Wednesday and Friday, 3-4pm London time
This price is a part of the Fastmarkets industrial minerals package.
All historical data relating to the assessment prior to the amendment remain available on the Fastmarkets platform.
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: pricing@fastmarkets.com. 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 https://www.fastmarkets.com/methodology.
