After a consultation period, Fastmarkets has amended the specifications of its price assessments for battery-grade lithium carbonate and hydroxide to better reflect emerging norms in battery-grade chemistry.
The changes will take effect on June 1, 2020.
The amendments to the specifications of the price of the
lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw domestic China, yuan/tonne are:
Quality: powder, accepted by buyer for use in battery applications and with the chemical composition: Li2CO3 99.5% min; Na 0.025% max; Ca 0.005% max; Mg 0.008% max; magnetic impurities 300ppb max.
The amendments to the specifications of the lithium carbonate battery-grade regional price assessment are:
Quality: powder, accepted by buyer for use in battery applications and with the chemical composition: Li2CO3 99.5% min (Min. 99.2% Li2CO3 accepted if it can be normalized to 99.5%); Na 0.060% max; Ca 0.016% max; Mg 0.008% max; magnetic impurities300ppb max.
Prices affected:
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, $/kgLithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp Europe and US, $/kg Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price cif China, Japan & Korea, $/kg Lithium carbonate 99.5% Li2CO3 min, battery grade, contract price ddp Europe and US, $/kgThe amendments to the specifications of the price of
lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price range exw domestic China, yuan/tonne are:
Quality: powder, accepted by buyer for use in battery applications and with the chemical composition LiOH.H2O 56.5% min; CO2 <0.35%; Ca 0.005% max; SO4 0.01% max; Cl- 0.002% max.
The amendments to the specifications of the lithium hydroxide battery-grade regional price assessment are:
Quality: powder, accepted by buyer for use in battery applications and with the chemical composition LiOH.H2O 56.5% min; CO2 <0.35%; Ca 0.020% max; SO4 0.015% max; Cl- 0.005% max.
Prices affected:
Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kgLithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price ddp Europe and US, $/kgLithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price cif China, Japan & Korea, $/kgLithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price ddp Europe and US, $/kgFastmarkets understands that the lithium market is in the early stages of identifying standard specifications that qualify as "battery-grade". Therefore, the suitability of any changes to chemical specifications will continue to be reviewed on a six-month basis while the lithium industry, and the utilization of Fastmarkets' price assessments within it, continues to evolve.
To provide feedback on the lithium carbonate and hydroxide battery-grade price assessments, or if you would like to provide price information by becoming a data submitter, please contact the price reporters Dalila Ouerghi or Carrie Shi by email at pricing@fastmarkets.com. Please add the subject heading "FAO: Dalila Ouerghi (or Carrie Shi), re: amendments to lithium battery-grade specifications."
To see all Fastmarkets' pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.