FOCUS: Tight availability propels spodumene price; prompts more frequent price negotiations

By IM Staff
Published: Wednesday, 04 August 2021

The spodumene price skyrocketed in July with tight availability posting challenges to lithium operations in China, while suppliers intended to negotiate the price more frequently in light of the price rally in the downstream chemical market.

Fastmarkets’ monthly assessment for spodumene 6% Li2O min, cif China rose to $880-950 per tonne on Wednesday June 30, up by $195 per tonne from $690-750 per tonne one month ago. The price has more than doubled since January 2021.Key Chinese producers of battery-grade lithium hydroxide, which is typically fed on spodumene...

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