October 2021

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.

Albemarle to invest in new battery materials project in Meishan, Sichuan [UPDATED]

United States-listed lithium producer Albemarle has signed an investment agreement with the local government of Pengshan Economic Development Zone in Meishan city, Sichuan Province to invest in a new lithium-ion battery materials project, the local government said.

IN FIGURES: China’s battery raw materials exports in September 2021

A summary of China’s battery raw materials exports for September 2021, according to the latest Chinese customs data.

IN FIGURES: China’s battery raw materials imports in September 2021

A summary of China’s battery raw materials imports for September 2021, according to the latest Chinese customs data.