October 2021

Bids hit $2,350/dmt in Pilbara Minerals’ third spodumene auction

Bids for spodumene concentrate reached $2,350 per dry metric tonne (dmt) on Tuesday October 26, at Pilbara Minerals’ third auction via its Battery Material Exchange (BMX) platform, sources told Fastmarkets.

Pilbara Minerals, Posco finalize agreement for South Korean lithium facility

Australian lithium producer Pilbara Minerals and South Korean steelmaking giant Posco have finalized a joint venture agreement to develop and operate a lithium hydroxide conversion facility in Gwangyang, South Korea, the former said on Tuesday October 26.

MARBL Lithium to restart Wodgina lithium mine in Western Australia in Q3 2022

The MARBL Lithium joint venture will restart operations at its Wodgina lithium mine in the Pilbara region of Western Australia in the third quarter of 2022, JV partner Mineral Resources said on Monday October 25.

ENERGY TRANSITION RAW MATERIALS 22/10: Battery-grade lithium spot prices continue to rally amid strength in domestic China and aggressive offers

An overview of the new energy materials markets and their price moves in the week to Friday October 22.

AT A GLANCE: Orocobre Q4 spodumene price rises 211% from Q3; production forecast up

A summary of Australia-listed lithium producer Orocobre’s production results as of 30 September 2021, released on Friday October 22.

China’s nickel sulfate stable despite volatile nickel prices

The price of nickel sulfate in China was unmoved in a cautious market during the week to Friday October 22, amid fears of an oversupply of material and despite volatile nickel prices, sources told Fastmarkets.

FOCUS: Power woes raise uncertainties in China's battery materials supply chain

The battery raw materials supply chain in China took a breather after a week-long holiday to mark the country’s national day in early October, with the lifting – partially or otherwise – of extensive power cuts announced in late September in several production hubs.

GLOBAL LITHIUM WRAP: Seaborne Asian market plays catch-up with China

Lithium prices in the seaborne Asian market posted strong gains in the week ended Thursday October 21 while they continued to play catch-up with elevated price levels in the Chinese market.

ENERGY TRANSITION: UK to set up critical minerals committee, update list

The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country’s net-zero carbon emissions targets, it said.

FOCUS: Higher production cost pushes up cobalt sulfate price in China

Cobalt sulfate prices have trended upward since early September this year due to continuously higher raw materials costs and the rising cost of chemical auxiliary materials despite thin downstream demand, sources told Fastmarkets.