GLOBAL LITHIUM WRAP: China, Japan absence stalls global battery-grade lithium spot prices
Published: Friday, 03 May 2019
Global battery-grade lithium spot market prices moved sideways week on week while China, Japan and other countries were away from the market for public holidays.
The market was slow this week amid a lack of market activity
and national holidays that have added to the decelerated
activity of some companies across the European and US market,
most market participants that spoke to Fastmarkets said.
Fastmarkets assessed the battery-grade
lithium carbonate (min 99.5% Li2CO3) spot market price at
$11.50-13.50 per kg on a duty paid Europe and US basis on
Thursday May 2, unchanged week on week.
Fastmarkets assessment for the battery-grade
lithium hydroxide monohydrate (min 56.5% LiOH.H2O) price
was at $14.50-15.50 per kg, duty paid Europe and US, also flat
from the previous assessment.
"The battery-grade lithium carbonate spot price in Europe has
been very stable week on week. We have not purchased any
additional material this week but the market seems very
stable," a consumer told Fastmarkets.
"Different consumers were shut down this week due to national
holidays and we have not received many material inquiries. We
don’t expect much price movement in the
battery-grade lithium hydroxide market this week and probably
until next week, when consumers return to the market," a
producer told Fastmarkets.
Fastmarkets’ assessments for the spot market
prices covering the domestic Chinese price and the seaborne cif
China, Japan and Korea market were rolled over week on week
as per methodology and the trade log for the Chinese
domestic battery grade lithium carbonate spot price will not be
published this week.
For access to April’s lithium trade log click
On Friday 3, Fastmarkets MB has migrated six lithium prices
that cover the battery-grade lithium carbonate and hydroxide
spot and contract markets on a delivered duty paid Europe and
United States basis from its Battery Raw Material Market
Tracker on to the Fastmarkets MB website.
To learn more about Fastmarkets new lithium price assessments,
please read this pricing notice
Learn more about Fastmarkets’
lithium pricing methodology here and read the latest lithium
price spotlight here.
All lithium carbonate, hydroxide and spodumene prices are
available in our Battery Raw Materials Market Tracker.
Get a sample of the report here.