September 2021

ENERGY TRANSITION RAW MATERIALS 17/09: Flake graphite up on restocking, uptrend continues in spot cobalt, lithium prices

An overview of the new energy materials markets and their price moves in the week to Friday September 17.

LG Energy Solution buys 4.8% stake in China’s Greatpower; secures nickel supply

South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China’s Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17.

GLOBAL LITHIUM WRAP: Carbonate, hydroxide prices at parity in China

Lithium carbonate prices in China were at parity with those for hydroxide in the week ended Thursday September 16 amid lingering spot tightness for both battery-grade and technical-grade carbonate.

FOCUS: Logistics bottleneck freezes global cobalt trade flows

Global trade flows of cobalt metal have been frozen by logistics disruptions including high freight costs and a shortage of available containers, market participants have told Fastmarkets.

China's XTC to buy cobalt tetroxide and precursor materials from CNGR

Chinese battery materials producer Xiamen Tungsten New Energy Materials (XTC) has struck a deal with CNGR Advanced Materials Co for the supply of cobalt tetroxide and ternary precursor materials, XTC announced on Wedmesday September 15.

ENERGY TRANSITION: Standard Lithium in carbon-capture technology project

Standard Lithium Ltd it is undertaking a pilot project in southern Arkansas to test carbon-capture technology to reduce emissions, the company said.

Bids reach $2,240/dmt during Pilbara Minerals’ second spodumene auction

Bids reached $2,240 per dry metric tonne (dmt) during Pilbara Minerals’ second spodumene concentrate auction held via its Battery Material Exchange (BMX) platform on Tuesday September 14, sources told Fastmarkets.

China’s Tianqi Lithium eyes Hong Kong listing

Chinese lithium producer Tianqi Lithium’s board of directors have unanimously approved a proposal for the company to list its shares in Hong Kong, the company said on Monday September 13.

CHINA COBALT SNAPSHOT: Price increases on rising futures prices; cobalt salts producers insist on firm offers

Key data from Fastmarkets’ pricing session in China on Friday September 10.

Nickel sulfate prices in China soften despite strong exchange prices for nickel

China’s nickel sulfate prices softened in the week to Friday September 10 amid an increase in the supply of mixed hydroxide precipitate (MHP), though strong nickel prices on both the London Metal Exchange and Shanghai Futures Exchange kept the spot market quiet.