May 2021

Mineral demand from energy sector could increase sixfold by 2040, IEA says

The global mineral industry will have to rapidly scale up production to meet surging demand from the new energy sector, the International Energy Agency (IEA) has warned.

CHINA COBALT SNAPSHOT: Weak demand continues to weigh on prices

Key data from the Friday May 7 pricing session in China.

COBALT HYDROXIDE SNAPSHOT: hydroxide prices dip amid downstream weakness

Key data from the Friday May 7 pricing session in London and Beijing.

NEW ENERGY MATERIALS MARKET REPORT 07/05: Cobalt complex softens on lack of inquiries

An overview of the new energy materials markets and their price moves from the past week.

Anchorage of container ship from South Africa raises concerns for cobalt hydroxide shipments

Some cobalt hydroxide consumers in China have been warned by shipping companies of potential delays to shipments following an outbreak of Covid-19 infections on Italian container ship Ital Libera, market participants told Fastmarkets.

Construction to resume at Kwinana lithium hydroxide processing plant

Construction work will restart in the near future at the Kniwana lithium hydroxide plant in Western Australia after Australia-based exploration and mining company IGO joined the venture at the end of 2020, a spokesperson at joint-owner Tianqi told Fastmarkets on Tuesday May 4.

GLOBAL LITHIUM WRAP: Seaborne Asian carbonate price rises on tight availability

The battery-grade seaborne Asian lithium carbonate market continued to post gains over the week on Thursday May 6 amid tight spot availability.

Ganfeng Lithium to acquire Bacanora for $264mln

China-based lithium producer Ganfeng Lithium has agreed to acquire Bacanora Lithium for up to £190 million ($264 million) via Shanghai Ganfeng, its wholly-owned subsidiary, according to a statement filed to the Shenzhen Stock Exchange on Friday May 7.

CME’s lithium contract starts with 5 tonnes traded on first day

The CME Group’s cash-settled lithium futures contract, which is settled against Fastmarkets’ assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea, was traded for the first time on Monday May 3.