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