Lithium spodumene, global contract prices decline

Lithium spodumene prices have fallen by 2.3% in Asia over the past month, reacting to declines in lithium carbonate and hydroxide prices in China, against which the lithium spodumene price is calculated.

Fastmarkets' monthly assessment of the contract price for spodumene (minimum 5-6% Li2O) was at $600-670 per tonne cif China on Wednesday May 29, down from $600-700 per tonne on April 24. The increased availability of cheaper-priced battery-grade lithium compounds in the market, deceleration in consumption and slow adoption of state-of-the-art nickel-rich cathodes are at the core of the currently low lithium carbonate and hydroxide prices in China, the world’s single-largest consumer of lithium spodumene. Fastmarkets' assessment of the spot price for battery-grade lithium carbonate (minimum 99.5% ex-works China) stood at 74,000-78,000 yuan ($10,702-11,281) on Thursday, unchanged from the previous week but down by 55.3% from 165,000-175,000 yuan per tonne on December 21, 2017. The battery-grade lithium hydroxide monohydrate (minimum 56.5% LiOH.H2O) spot price was assessed at 83,000-88,000 yuan per tonne...


Martim Facada

May 31, 2019

23:22 GMT