PRICING NOTICE: Proposal to discontinue lithium carbonate index, exw China

Fastmarkets proposes to discontinue its lithium carbonate index, exw China due to its other price assessments for the battery grade lithium market emerging as the industry’s preferred benchmark.

Fastmarkets proposes to discontinue the following index: 
MB-LI-0042 lithium carbonate index, min 99.5% Li2O3, battery grade, ex works China, yuan/tonne

The lithium carbonate index, exw China is a tonnage weighted average, calculated using the same data collected to inform the price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw domestic China, yuan/tonne.

Price discovery for the price assessment would not change as a result of the proposed index discontinuation.

The index is not used or referred to on a large scale, and Fastmarkets’ price assessments for battery-grade lithium compounds assessed on a cif China, Japan and Korea basis are emerging as the frontrunners as industry benchmarks.

The consultation period for this price discontinuation will end on October 2, with changes taking place from October 5, subject to market feedback.

To provide feedback on this index or if you would like to provide price information by becoming a data submitter to the index please contact Carrie Shi by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Carrie Shi re: lithium index.’

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.
Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.
Fastmarkets has corrected its MB-CO-0005 cobalt standard grade in-whs Rotterdam price assessment, which was published incorrectly on Monday January 13, 2024, due to a reporter error.
The publication of Fastmarkets’ Ukrainian sunoil and sunmeal, and Russian sunoil assessments between January 2, 2020 and March 11, 2022 were delayed because of a technical issue.
Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]
Fastmarkets published its MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Friday January 10, 2025.