Rocketing spot spodumene price pushes contractual negotiated pricing up
Published: Friday, 08 October 2021
Surging spot spodumene prices following aggressive bids in the latest Pilbara Minerals’ spodumene concentrate auction has elevated negotiated prices for fourth-quarter term contracts, market sources told Fastmarkets.
Bids for SC 5.5% units reached a high of $2,240 per dry
metric tonne (dmt), fob Hedland, during the Australian
miner’s second spodumene auction on its Battery
Metals Exchange on Tuesday September 14. The price was
approximately equivalent to $2,500 per dmt on a cif China
basis, market participants noted....