December 2019

GLOBAL LITHIUM WRAP: China’s carbonate market accelerates decline in December on downbeat sentiment

The pace of decline in the Chinese domestic battery grade lithium carbonate price has accelerated entering December with increasingly lower offer prices in the spot market from Chinese producers eager to destock in the week ended Thursday December 5.

PEOPLE MOVES: Tianqi’s Ron Mitchell appointed LME lithium committee chair

Ron Mitchell, sales director at lithium producer Tianqi Lithium Corporation, has been appointed chairman of the London Metal Exchange’s lithium committee.

Glencore revises cobalt output guidance for 2020 after early shutdown of Mutanda mine

Glencore has cut its production guidance for cobalt in 2020 to 25,000-33,000 tonnes, down by about a third from 2019's 41,000-45,000 tonnes, the Swiss miner-trader said this week.

Glencore, SK Innovation agree six-year cobalt supply deal for EV batteries

Glencore has signed a six-year deal to supply cobalt hydroxide to South Korea-based electric vehicle (EV) battery maker SK Innovation, the Swiss miner-trader announced on Wednesday December 4.

Trade log November 2019: Cobalt sulfate

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.

PRICING NOTICE: Increase in frequency of cobalt price assessments to daily

Fastmarkets will increase the frequency of its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, to daily from Monday February 3, 2020.

Umicore completes purchase of Kokkola from Freeport Cobalt

Belgian battery-materials manufacturer Umicore has completed its purchase of cobalt refining and cathode precursor activities in Kokkola, Finland, from Freeport Cobalt for $203 million.