August 2019

PRICING NOTICE: Proposal to amend specifications of cobalt hydroxide assessments

Fastmarkets is proposing to make changes to the specifications of two cobalt hydroxide assessments it initially launched in February 2019.

BATTERY RAW MATERIALS MARKET REPORT 30/08: Cobalt hydroxide index up 28% in reaction to Mutanda closure

An overview of the battery raw materials markets and their latest price moves.

GLOBAL LITHIUM WRAP: China lithium market weak on slow buying

China’s domestic spot battery-grade lithium carbonate prices temporarily held in the week to August 29 with buyers cautious of further decreases, while the lithium hydroxide market kept flat and no matter how low the offers, deals were rarely concluded due to continuing poor downstream demand.

Ramu nickel-cobalt project ops continue alongside investigations into spillage

A nickel plant at the Ramu nickel-cobalt project in northeast Papua New Guinea, is still in full operation following the discovery of waste spilling into the nearby Basamuk Bay, according to media reports.

Trade log August 2019: Lithium

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.

Galaxy Resources buys Alita’s debts, becomes major shareholder

Australian lithium spodumene producer Galaxy Resources has bought Alita Resources' debt for $31.1 million, including interest, fees and costs.

Tight margins, sustainable supply chains drive EV manufacturers’ need for lithium benchmark

The whole battery supply chain will benefit from lithium benchmark pricing, Fastmarkets head of battery raw materials research William Adams says as he explores what is driving auto manufacturers to support this pricing mechanism.

COBALT SNAPSHOT: Prices consolidate gains; buying slows to await further restocking

Key data from the August 23 pricing session in London.

BATTERY RAW MATERIALS MARKET REPORT 23/08: Cobalt consolidates gains in anticipation of post-summer consumer buying

An overview of the battery raw materials markets and their latest price moves.

SQM lithium revenues down on lower sales prices into China

Chile's largest lithium producer, SQM, has reported a 24.7% year on year drop in lithium revenues to $138.5 million in the second quarter of 2019, from $183.9 million during the same period in 2018 on lower lithium prices achieved in China and market oversupply.