PRICING NOTICE: Delayed start date for proposed amendments to lithium pricing frequency, names, specifications

Fastmarkets is planning to delay the starting date of proposed amendments of its lithium price assessments, including the frequency of two battery-grade seaborne Asian lithium prices and amendments to the names and specifications of all its lithium hydroxide prices.

In a Pricing Notice on Tuesday July 27, Fastmarkets proposed to increase the frequency of its battery-grade seaborne Asian lithium carbonate and lithium hydroxide price assessments to daily from weekly.
In addition to the proposal to increase the frequency of the assessments, Fastmarkets also proposed on July 27 to amend the names and specifications related to the expression of minimum purity requirement of LiOH for its lithium hydroxide prices.
It is incorrectly stated as “lithium hydroxide monohydrate 56.5% LiOH.H2O min” in the names of all Fastmarkets’ lithium hydroxide price assessments and should be amended to “lithium hydroxide monohydrate LiOH.H2O, 56.5% LiOH min.”
Similarly, in the detailed specifications of those prices, the minimum purity requirement of LiOH should be stated as “LiOH 56.5% min” rather than “LiOH.H2O 56.5% min.”
The consultation period for the proposed amendments ends on October 26 and, subject to feedback, the changes were due to take place on November 1.
As part of the process, however, Fastmarkets has already received feedback to support delaying the implementation of changes until December 1 - to provide some time between the announcement being made and any changes taking place.
As such, Fastmarkets will publish the result of the consultation on the proposed changes between October 27 and October 29. But any changes, subject to market feedback, will come into effect on December 1.
To provide feedback on the proposals related to Fastmarkets’ lithium price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact Dalila Ouerghi and Susan Zou by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Dalila Ouerghi/Susan Zou re: lithium price assessments.”
To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

Susan Zou

susan.zou@metalbulletinasia.com

Published

Susan Zou

September 28, 2021

10:33 GMT

Shanghai