LONDON, June 10, 2019 /PRNewswire/ -- Fastmarkets - a leading source of pricing information for the global commodity markets ... (LME) as its partner to develop the lithium price … Fastmarkets’ assessment for lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea stands at $8.5-9.50 per kg as of the January 21 assessment, down from $9.5-11 per kg on January 30, 2020. Get Fastmarkets MB's pricing data delivered directly to your spread sheet or integrated within your internal ERP/workflow. In addition, Benchmark derives global average prices for both lithium carbonate and lithium hydroxide as well as a lithium chemical index, weighted by volumes traded on the market. The British government has brought forward a ban on the sale of internal combustion engine cars in a move which will boost demand for battery materials, including lithium. This global strategic partnership will develop a definitive roadmap aimed at providing a pricing mechanism for lithium that can be utilized throughout the supply chain. Customer Service Chat COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT THE PERMISSION OF THE PUBLISHER The 30-year journey of Fastmarkets lithium coverage, from 1989 to launching the first Lithium benchmark price partnership with the LME. We answer your key questions in detail. For global and regional exposure to the news, views, and stories impacting the lithium market. “We expected a 6.5 percent fall, and they ended up being down 10.9 percent,” Adams said. ... LME-Fastmarkets Deal Will Smooth Lithium … Fastmarkets partners with the London Metal Exchange to develop lithium price benchmark News provided by. Introducing the lithium spotlight, a free weekly service giving you access to the latest Fastmarkets' battery-grade lithium prices and market analysis. Questions about what our partnership with the LME means for the lithium market? China is the world’s leading lithium processor and the largest market for electric vehicles (EVs). LME has chosen Fastmarkets to provide the reference price lithium, a key component in the batteries that power electric vehicles and high-tech devices. 6) In 2025 lithium carbonate still provides at least 55% of the LCEs going into battery. We were the first price reporting agency (PRA) to achieve Type 1 IOSCO assurance in the lithium space. The London Metal Exchange (LME) has chosen Fastmarkets to provide the reference price for its planned lithium futures contract, it said on Monday. 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. {{article|fields:'dates'|date:dateArticleFormat}}, ALL MATERIAL SUBJECT TO STRICTLY ENFORCED COPYRIGHT LAWS.© EUROMONEY GLOBAL LIMITED. Track, chart, compare and export 950+ global metal, steel and scrap prices with Fastmarkets MB's pricing analysis tool. Details of pricing methodology changes or price corrections. The Principles seek to hold PRAs accountable to providing reliable, impartial, representative and transparent benchmarks for the market to use in physical trading, risk management, analysis and planning purposes. The Fastmarkets daily standard-grade cobalt price was validated over a 12-month period in September 2019. Download the latest Daily for news from the last 24 hours plus all Fastmarkets MB prices, and the magazine for feature articles, market analysis and high-profile interviews. 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] Our methodology is aligned with core IOSCO principles and we have successfully completed an additional independent assurance review (from PricewaterhouseCoopers) for our financial benchmarks. Find all your bookmarked prices here. LME chooses Fastmarkets for lithium contract pricing 2 Min Read LONDON, June 10 (Reuters) - The London Metal Exchange (LME) has chosen Fastmarkets to provide the reference price … About. The London Metal Exchange has selected Fastmarkets as its price reporting agency (PRA) of choice to provide the lithium price against which its planned lithium futures contract will be cash-settled. Recently lithium prices have been in decline and more of the same is forecast for 2019. Speaking with INN at the Lithium Supply & Markets Conference, Adams also talked about the lithium price, EV uptake and battery technology. Lithium price spotlight. 8 Bouverie St "The LME, on the basis of market views, selected Fastmarkets as its pricing partner due to their lithium prices being widely used across the industry combined with their leading pricing capabilities," the London Metal Exchange said. Batteries and the … Power up. MB Apex contains leader boards of analysts based upon the accuracy of their most recent price predictions. ... hello@fastmarkets.com. The exchange will also add another aluminium cash-settled futures contract to its suite with the launch of a new European duty-paid aluminium premium contract settled against Fastmarkets’ benchmark Rotterdam premium. London Metal Exchange Week is traditionally focused on the base metals but at the 2019 event there was a definite focus on battery raw materials - and especially lithium. By signing up to this free newsletter you agree to receive occasional emails from us informing you about our products and services. 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. “Completing this assurance engagement, which examined our responses to the Principles over a 12-month period, is a major milestone and is recognition of the integrity of our processes and controls.” Raju Daswani CEO, Fastmarkets. Access the latest battery grade lithium prices for free with our service Lithium Price Spotlight. You can be confident that our pricing process is impartial and market reflective. To bookmark a price click on the ‘Add to my saved prices’ icon in Price Book. For more than 30 years, we have been bringing transparency to the lithium industry via independent and reflective prices. The London Metal Exchange (LME) surprised the lithium market on Monday with its choice of Fastmarkets to provide a reference price for its planned new contract, shunning a … Being clear about our price assessment and index process is important. Compare up to five different prices over a selected period of time in Price Book. Subscribe to the Lithium Price Spotlight. ( Image courtesy of While this combination is valuable when conditions are good, the reverse is true when the market sours. The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets’ price assessment for lithium hydroxide monohydrate. All rights reserved. This global strategic partnership will develop a definitive roadmap aimed at providing a pricing mechanism for lithium that can be utilized throughout the supply chain and will support the development of risk-management tools for the industry. Fastmarkets has been pricing lithium for more than 30 years and other commodities for over 100 years in its role as a Price Reporting Agency (PRA). The London Metal Exchange (LME) has chosen Fastmarkets to provide the reference price for its planned lithium futures contract, it said on Monday. The low price of lithium and cost overruns on junior projects have made investors cautious about the sector, creating doubt about whether lithium juniors will be able to access capital and ensure a supply of lithium in the years ahead. Fastmarkets was the first PRA to achieve Type 1 IOSCO assurance for lithium prices. What does this mean and why is it important? /images/sites/846/navigation-images/prices/nav-apex.png was removed, /images/sites/846/navigation-images/prices/nav-price-feeds.png was removed, Please enter at least one recipients email address, Please enter at least one recipients name, lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea, launch of a lithium futures contract on the LME, lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, aluminium P1020A premium, in-whs dp Rotterdam, hedge the duty-unpaid Rotterdam premium on the Chicago Mercantile Exchange, {{article|snippet:'title'|removeHtmlTags}}, IN CASE YOU MISSED IT: 5 key stories from February 18, IN CASE YOU MISSED IT: 5 key stories from February 17, IN CASE YOU MISSED IT: 5 key stories from February 16, IN CASE YOU MISSED IT: 5 key stories from February 15, Modern Slavery Act Transparency Statement. Standard Lithium & Lanxess validate special situation DLE in Arkansas. Fastmarkets has been selected by the London Metal Exchange (LME) as its partner to develop the lithium price benchmark. Our team discuss accreditation and the importance of auditable prices. Lithium prices are in a bottoming-out phase but are expected to struggle for some time in the foreseeable future, according to William Adams, Fastmarkets head of … United Kingdom. At the start of 2020, Fastmarkets’ battery-grade lithium carbonate prices were at 48,000 yuan per tonne. Lithium Price Spotlight gives you access to the latest price assessments and market analysis for battery-grade #lithium and #spodumene. Video | Sep 2020. The Fastmarkets MB archives cover historical news and pricing data going back to 1997. Lithium price trends: July 2019 Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Our experts are embedded in the markets, ensuring regular global coverage of the latest market news and price drivers. In September 2019, we upgraded our accreditation level from Type 1 to Type 2. CONNECT. View an example here. The word lilac continues to symbolize purity, innocence, happiness, tranquility, love and passion depending on the color but has no lasting meaning in the lithium space. This is a preview of the full article Fastmarkets’ assessment for lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea stands at $8.5-9.50 per kg as of the January 21 assessment, down from $9.5-11 per kg on January 30, 2020. Want to keep up with the changes, risks and opportunities of the lithium market? The question is, how do you keep up with the changes, risks and the opportunities? Unlike for copper or other […] Fastmarkets MB is part of Euromoney Institutional Investor PLC group. Our cash-settled LME Cobalt (Fastmarkets MB) contract was launched in 2019, and we are working in partnership with Fastmarkets MB to develop a transparent and robust pricing solution for lithium. EC4Y 8AX We provide price assessments for lithium carbonate and lithium hydroxide, as well as the raw material spodumene, by grade and region. Expectations for a rebound in new energy vehicle (NEV) sales after the Lunar New Year holiday have been put on hold due to the impact the Wuhan coronavirus is expected to have on the Chinese economy. In September 2019, we upgraded our accreditation level from Type 1 to Type 2 following an independent external assurance review by PwC. The London Metal Exchange has partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market. Published on August 07, 2019 13:30 PM Details on the practicalities of that partnership, and the input we are seeking from those active in the […] We produce iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds that set the standard for “responsible”, titanium for household products and borates for crops that feed the world Copyright ©Euromoney Global Limited. Equity investors have turned more bullish on lithium miners and processors in 2020 so far, helped by a shift in Chinese electric vehicle (EV) policy. Cobalt. You can opt out of these emails at any time. There is no doubt that the lithium market is changing, driven primarily by demand from the battery boom. Fastmarkets’ lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea stood at $8.50-9.50 per kg on Thursday January 14, down from $9.50-11 per kg on January 23, 2020. Use ; to separate email addresses. By Alice Mason, Dalila Ouerghi. The exchange, the world's oldest and largest market for industrial metals, said it selected Fastmarkets because their prices were used widely across the industry. Find out what our industry experts think are the key drivers in the market and what’s on the horizon. However, in this report, our research team examines how exponential demand growth will outstrip supply by 2025. Sign up to our Lithium Spotlight Service today to ensure you stay up-to-date. Our price specifications have been developed to mirror specific compounds and end-uses, including a suite of specialist battery-grade lithium prices, to help all industry participants better manage their exposure as this market evolves. The London Metal Exchange (LME) is partnering with Fastmarkets to develop the reference price for its planned lithium futures contract, which will help analysts and executives to get a full sense of the global market for the key ingredient in the making of the batteries that power electric vehicles (EVs). Want to receive our key lithium prices for free every week? Short-term price forecasts and analysis for aluminium, steel, scrap, battery raw materials and other markets can help you mitigate risk. Benchmark Minerals publishes 6 lithium carbonate (Li2CO3), 4 lithium hydroxide (LiOH) and 1 spodumene concentrate price. Fastmarkets Shorts: Trader-led August rally in the cobalt market . Find all your saved comparisons here. The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets’ price assessment for lithium hydroxide monohydrate. To illustrate the point, consider that back in 2010, the price of an EV battery pack was $1,160/kWh (USD) compared to the 2018 average price of $176/kWh. Head of Battery Raw Materials Research, Will Adams, explores what’s driving auto manufacturers to support lithium benchmark pricing. hello@fastmarkets.com Email . Fastmarkets has been selected by the London Metal Exchange (LME) as its partner to develop the lithium price benchmark. Lithium Price Spotlight, a complimentary service, provides weekly price assessments for battery-grade lithium, insight into price trends and a round-up of the latest market developments. You can enter a maximum of 5 recipients. It is the first price reporting agency to have achieved Type 1 IOSCO assurance for its lithium prices. SUPPORT +44 20 7779 8260 Phone . BMI critical of new lithium price benchmark LEADING battery materials consultancy Benchmark Mineral Intelligence has criticised London Metals Exchange's reference prices for lithium, saying the Fastmarkets data is not what the market needs.
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