February 2021

Ganfeng Lithium to increase stake in Bacanora lithium project in Mexico

Junior miner Bacanora Lithium has signed a new joint venture agreement with offtake partner Ganfeng Lithium after the latter exercised the option to increase its stake in the Sonora lithium project to 50%, it said on February 1.

GLOBAL LITHIUM WRAP: China price momentum continues to drive up other global markets

Lithium carbonate prices in Europe and the United States as well as the seaborne Asia market rose in the week to Thursday February 4, supported by the continued uptrend in China’s domestic market.

Easpring signs 8-year contract to buy nickel, cobalt raw materials from Lygend subsidiary

Chinese battery raw material supplier Beijing Easpring Material Technology Co has inked a deal with Indonesia's Halmahera Persada Lygend (HPAL) for an eight-year supply of nickel and cobalt beginning in 2021.

COBALT HYDROXIDE SNAPSHOT: Surge in cobalt sulfate supports hydroxide price

Key data from the Wednesday February 4 pricing session in London and Shanghai.

CONSUMER ELECTRONICS MARKET REPORT 03/02: Hefty offers buoy indium before CNY

An overview of the consumer electronics markets and their latest price moves.

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 03/02: South America shipping delays push molybdenum up

An overview of the specialty steel raw materials markets in Europe and their latest price moves.

CHINA COBALT SNAPSHOT: Metal, salts prices continue to rally despite slower trading

Key data from the pricing session in Shanghai on Wednesday February 3.

Strong cobalt sulfate, hydroxide rallies give rise to metal buying ‘frenzy’ – sources

Benchmark prices for cobalt metal continued to rally on Tuesday February 2 with market participants confident that the wider market can withstand metal price gains, in the context of strength up and downstream.

GLOBAL NICKEL WRAP: US briquette premium up on supply shortage; Chinese, European rates flat

The premium for nickel briquettes in the United States increased amid tight supply on Tuesday February 2, moving closer to the premium for cut cathodes.

Spodumene price surge underpinned by Chinese lithium recovery, bullish fundamentals

The spodumene price cif China posted a sharp month-on-month increase at the end of January after a pick-up in customer inquiries, and market participants expect further rises against a backdrop of bullish supply-demand for the raw material and rising lithium chemical prices in China.