July 2021

China’s nickel sulfate price sets new all-time high

The Chinese nickel sulfate price narrowed upward to reach a fresh all-time high in the week to Friday July 23, with the market continuing to find support from limited supply of the raw material mixed hydroxide precipitate (MHP) and strong demand from the electric vehicle (EV) market.

NEW ENERGY MATERIALS MARKET REPORT 23/07: Domestic China battery-grade lithium prices up on consumers’ restocking

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

Henan flooding disrupts transport networks but ali, lead, zinc and copper output largely unscathed

The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.

GLOBAL LITHIUM WRAP: China lithium prices rise on consumer restocking; European, US prices steady

Lithium prices in China mostly rose over the week ending Thursday July 22 due to restocking drives among consumers, sources told Fastmarkets.

Siemens to build 200MWh energy storage unit in Germany

German industrial giant Siemens plans to build “one of Europe’s largest energy storage facilities” at Wunsiedel in eastern Germany, it announced on Monday July 19.

PRICING NOTICE: Open consultation on methodology for cobalt hydroxide index - final decision

Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide index, via an open consultation process between June 16 and July 13. This consultation was done as part of our published annual methodology review process.

Jiangxi Copper to invest $1.76 bln in plant to produce lithium battery materials

A leading copper producer in China was investing billions into new projects to produce raw material for lithium batteries with the country going through a transition to the use of renewable energy.

Slight improvement in S Africa’s port operations, cobalt hydroxide market uncertain

Ports’ operations in South Africa’s KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.

Vulcan Energy signs ‘zero carbon’ lithium supply deal with LG Energy Solution

Australia-listed Vulcan Energy has signed a binding offtake agreement to supply South Korea's LG Energy Solution (LGES) with battery grade lithium hydroxide from it's 'zero carbon' facility in Germany, the producer said on Monday July 19.

NEW ENERGY MATERIALS MARKET REPORT 16/07: Nickel sulfate rises on tight feedstock supply

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