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.