Pricing Notice: IM launches new lithium carbonate Chinese domestic prices

By Martim Facada
Published: Friday, 03 November 2017

IM will begin publishing two new lithium carbonate Chinese domestic prices on a weekly basis, with effect from November 2, 2017.

Following market consultation and the pricing notice issued on October 6, 2017, Industrial Minerals will begin publishing two new China domestic prices for lithium carbonate effective from November 2, 2017.

As demand from the battery sector increases, Industrial Minerals, which has tracked lithium prices since the 1980s, is positioned to offer ex-works China battery grade prices as well as technical and industrial grade prices for lithium carbonate.

The China spot market for lithium has grown in recent years, while price movements in the domestic market have gained importance on a global scale following the price spike in late 2015 and into 2016.

As demand for lithium carbonate in China grows due to more lithium-ion batteries and electric vehicles being produced there, Industrial Minerals aims to be an independent source of pricing data for market participants.

The two domestic prices will complement Industrial Minerals' wider coverage of the global lithium carbonate and hydroxide markets.

The two new assessments are:

• Lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works domestic China, RMB/tonne*

• Lithium carbonate min 99% Li2CO3 technical and industrial grade, spot price range, ex-works domestic China, RMB/tonne

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

The price specifications are:

Price Lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works domestic China, RMB/tonne
Currency & Unit Rmb per tonne
Location China
Basis Ex works, VAT included
Price  Type Assessment
Frequency Weekly,
Min lot size 5 tonnes
Quality 99.5% Li2CO3
Form Powder
Publication frequency Weekly, Thursday between 3pm and 4pm

Price Lithium carbonate min 99% Li2CO3 technical and industrial grade, spot price range, ex-works domestic China, RMB/tonne
Currency & Unit Rmb per tonne
Location China
Basis Ex works, VAT included
Price Type Assessment
Frequency Weekly,
Min lot size 5 tonnes
Quality 99% Li2CO3
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 price or if you would like to provide price information by becoming a data submitter to this price, please contact Martim Facada or Barbara O'Donovan by email at: pricing@indmin.com.

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

*This grade is only available to subscribers of the Battery Price Report, a weekly battery raw materials newsletter published by Industrial Minerals and Metal Bulletin.



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