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.
Pilbara Minerals further disclosed on September 29 that four individual groups bid more than $1,750 per dmt in the auction.
Fastmarkets’ assessment of spodumene min 6% Li2O, cif China
, was $2,000-2,500 per tonne on September 30, up by 91.49% from $1,050-1,300 per tonne on August 25. The price will next be assessed on October 14 following Fastmarkets’ amendment of its spodumene pricing frequency
Emerging spot market influences contractual prices
Pilbara’s latest auction took place amid negotiations of quarterly and monthly contractual prices for the lithium feedstock, the majority of which...