Lithium price methodology

How we assess our lithium prices

As a leading provider of trusted pricing intelligence and benchmarks to the metals and mining industry, our prices are relied upon globally to bring transparency to many markets.

Our IOSCO-compliant price assessment process provides you with market-reflective insight into the actual spot market price at that given point in time.

This widely acknowledged methodology has led us to become the primary source for pricing across a wide-range of commodity markets.

Our methodologies are designed to reflect standard industry practices and do not incorporate the use of trade flows to establish spot prices, instead implementing a more real-time pricing technique allowing for a robust determination as to the precise level of commodity markets.

The process is aligned with IOSCO principles and is regularly audited by PwC. We are the first price reporting agency to achieve Type 1 accreditation for our lithium prices. Learn more here.

  

How we assess prices

   Our methodology
         





          
 View our price assessment workflow       View our lithium pricing methodology


We publish lithium prices that were originally created and published by Fastmarkets IM, our industrial minerals division that has been reporting on and pricing the lithium markets since 1988. Fastmarkets IM will continue to publish these battery-grade lithium prices and others relating to technical grades of lithium


Fastmarkets MB battery grade lithium price specifications 

Lithium carbonate min 99.5% Li2CO3 battery grade spot price US$ per kg cif China, Japan & South Korea

Origin:    Main Chinese Japanese & South Korean ports (other ports normalized) 
Basis:    Cost, insurance & freight 
Delivery window: 60 days
Min lot size:    5 tonnes
Quality:    Min 99.5% Li2CO3 (delivery of Min 99.2% Li2CO3 also accepted, qualified for use in battery applications)
Form:    Powder
Publication:    Weekly, Thursday 4pm London

 

Lithium carbonate min 99.5% Li2CO3 battery grade spot price yuan per tonne, ex works China

Origin:    China
Basis:    Ex-works, VAT included 
Delivery window: 30 days
Min lot size:    5 tonnes
Quality:    Min 99.5% Li2CO3 (delivery of Min 99.2% Li2CO3 also accepted, qualified for use in battery applications)
Form:    Powder
Publication:    Weekly, Thursday 4pm London

 

Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price US$ cif China, Japan & South Korea

Delivery port:    Main Chinese Japanese & South Korean ports (other ports normalized)
Basis:    Cost, insurance and freight 
Delivery window: 60 days
Min lot size:    5 tonnes
Quality:    Min 56.5% LiOH.H2O (qualified for use in battery applications) 
Form:    Powder
Publication:    Weekly, Thursday 4pm London

 

Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price yuan per tonne, ex works China

Origin:    China
Basis:    Ex-works, VAT included 
Delivery window: 30 days
Min lot size:    5 tonnes
Quality:    Min 56.5% LiOH.H2O (qualified for use in battery applications)
Form:    Powder
Publication:    Weekly, Thursday 4pm London

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

Origin:    China 
Basis:    Cost, insurance and freight
Quality:    Min 5-6% Li2O
Form:    Spodumene concentrate
Publication:    Monthly, last Wednesday of the month between 3pm and 4pm London



Other battery grade lithium prices

We provide prices and insights for other battery grade lithium prices through our Fastmarkets IM service.
See a list of prices here