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PRICING NOTICE: Industrial Minerals launches lithium hydroxide min 56.5% ex-works China prices

By Martim Facada
Published: Thursday, 23 November 2017

Industrial Minerals launches today – Thursday November 23 – two new lithium hydroxide monohydrate min 56.5% LiOH.H2O spot prices ex-works domestic China, yuan/tonne.

Industrial Minerals today launches lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot price range, ex-works domestic China, yuan/tonne and lithium hydroxide monohydrate min 56.5% LiOH.H2O technical and industrial grade, spot price range, ex-works domestic China, yuan /tonne to extend our lithium price coverage of the Chinese domestic market.

The two grades will be published both as a single number and as a range. 

After a  consultation period, Industrial Minerals has launched the prices for lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot price range, ex-works domestic China, yuan/tonne and lithium hydroxide monohydrate min 56.5% LiOH.H2O technical and industrial grade, spot price range, ex-works domestic China, yuan /tonne at a time where demand for critical raw materials used in batteries is increasing, which has led to a growing demand for transparent lithium prices while an increasing number of car manufacturers announce plans to produce electric vehicles (EVs).

These two lithium prices will be launched to replace the hydroxide, spot, 56.5-57.5%, packed in drums or bags, del China price currently tracked by Industrial Minerals.

Industrial Minerals, which has tracked lithium prices since the 1980s, has noticed the increasingly important role Chinese domestic prices are playing the global market and the need to differentiate battery grade material from technical and industrial grade.

The two new grades complement Industrial Minerals and the Metal Bulletin Group’s wider coverage of the global lithium hydroxide market, the raw material used by cathode markers for NCM622 and NCM811 battery production. 

The price specifications are as follows: 

Price: Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot price range, ex-works domestic China, yuan/tonne
Currency & Unit: yuan per tonne
Location: China
Basis: Ex works, VAT included
Price Type: Assessment
Frequency: Weekly
Min lot size: 5 tonnes
Quality: min 56.5% LiOH.H2O (qualified for use in battery applications)
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm

Price: Lithium hydroxide monohydrate min 56.5% LiOH.H2O technical and industrial grade, spot price range, ex-works domestic China, yuan/tonne
Currency & Unit: yuan per tonne
Location: China
Basis: Ex works, VAT included
Price Type: Assessment
Frequency: Weekly
Min lot size: 5 tonnes
Quality: min 56.5% LiOH.H2O
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm

Industrial Minerals has no financial interest in the level or direction of the price.

To provide feedback on these two prices or if you would like to provide price information by becoming a data submitter to these two new prices, please contact Martim Facada or Barbara O'Donovan by email at: pricing@indmin.com. Please add the subject heading FAO: Martim Facada or Barbara O'Donovan, re: Chinese yuan/tonne domestic lithium hydroxide prices. 

To see Industrial Minerals' pricing methodology and specification documents go to www.indmin.com/Methodology



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