Lithium Price Spotlight

Presentation: Lithium - an evolving market

Understand more about our lithium prices and how a benchmark reference for the market will emerge with this presentation from our price development team.

Latest battery-grade lithium prices

Last updated on Friday May 24.

Prices are assessed weekly on Thursdays.

Click here to see the Fastmarkets May trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.

Market & price developments

  • Low uptake of nickel-rich cathodes in the auto industry negatively affected upstream battery-grade hydroxide demand.
  • Domestic Chinese battery-grade lithium carbonate price moved up, but market says there is more weakness to come.
  • Rest-of-world prices slid week on week.
  • Click here to read the global lithium wrap for more details.

Price trends

Lithium carbonate min 99.5% Li2CO3 battery grade, ex-works domestic China, yuan/tonne
Fastmarkets lithium carbonate ex-works China price

Lithium carbonate min 99.5% Li2CO3 battery grade, CIF China, Japan & Korea, $/kg
Lithium carbonate cif China, Japan, Korea

Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, ex-works domestic China, yuan/tonne

Fastmarkets lithium hydroxide ex-works China price

Lithium hydroxide monohydrate min 56.5% LiOH2O battery grade, CIF China, Japan & Korea, $/kg
Fastmarkets lithium hydroxide cif China, Korea, Japan price 

Spodumene min 5-6% Li2O, CIF China, $/tonne
Fastmarkets Spodumene cif China price

Data sets for all past assessments are available for these prices.

For access, please email Jon Mulcahy on using the subject line "Re: Lithium prices - historical".


We are committed to bringing transparency to the lithium market by providing independent and reflective prices, on which you and all other market participants can rely. 

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Why have we chosen these prices? 
We have observed the highest liquidity in the Asian battery hub of China, Japan and Korea, where huge demand is driving price direction for all lithium prices.

The battery-grade prices we include here best reflect the spot market liquidity in this region and provide reliable benchmarks for the entire supply chain.

Our teams in this region are extremely well positioned to capture and assess this market as it evolves. 
How we price lithium 
As a leading provider of trusted pricing intelligence and benchmarks to the metal and mining industry, our prices are relied upon globally to bring transparency to many markets. 

Specifically in the battery materials markets, we have established pricing authority with over 30 years’ experience in key materials such as lithium, cobalt, graphite. Our cobalt price was recently selected by the London Metal Exchange (LME) for its cash-settled derivative contract and we have been shortlisted to provide the price for an equivalent lithium contract.
View our Battery Advisory Group presentation to the LME here
Our weekly price assessments do not rely on trade data, meaning that they are timely and market-reflective.

Our strict IOSCO-compliant pricing methodology ensures that we engage with all sides of the market in order to provide independent, robust prices on which you and all other market participants can rely.

We are the first price reporting agency (PRA) to have achieved Type 1 IOSCO assurance for lithium prices.