After a one-month consultation that ended on Sunday September 26, Fastmarkets will increase the pricing frequency for its spodumene assessment to fortnightly from monthly on Thursday September 30.
The first fortnightly price assessment for
spodumene 6% Li2O min, cif China, which was priced at a monthly basis, will take place on September 30, followed by October 14, October 28, and so on.
The increased frequency of the spodumene assessment is to reflect the emerging and potentially increasing spot liquidity of lithium feedstock.
The new specifications are listed below, with the amendment of price frequency in italics:
MB-LI-0012 Spodumene min 6% Li2O min, 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%Location: cif China
Timing: 90 days
Unit: $/tonne
Publication:
fortnightly, Thursday, 3-4pm London time
All historical data relating to the assessment prior to the amendment will remain available in Fastmarkets' pricing database, MInD.
To provide feedback on the spodumene price assessments, or if you would like to provide price information by becoming a data submitter, please contact Dalila Ouerghi and Susan Zou by email at: pricing@fastmarkets.com. Please add the subject heading "FAO: Dalila Ouerghi/Susan Zou re: spodumene price assessment."
To see all of Fastmarkets' pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.