October 2021

FOCUS: China’s cobalt metal price rises but unlikely to catch up with international prices

China’s cobalt metal price strengthened after China’s National Day holiday (October 1-7) amid the rally in international benchmark metal price and a shortage of spot units. While the price gap between China domestic market and the international market narrowed, it is unlikely that the former will match the latter in the near future, sources told Fastmarkets.

Umicore expects slightly lower 2021 earnings amid semiconductor shortage

Belgian battery materials manufacturer Umicore has lowered their full-year outlook for 2021 because the global semiconductor shortage has impacted its catalysis, cathode materials and recycling segments business, the company said on Monday October 18.

ENERGY TRANSITION RAW MATERIALS 15/10: International metal cobalt prices move up on firmer tone after LME week

An overview of the new energy materials markets and their price moves in the week to Friday October 15.

Spot spodumene price steady; market eyes next auction

The spot price for spodumene concentrates has been steady in the past two weeks, while the market is eyeing the next auction for lithium feedstock in late October.

Umicore to source lithium from Ganfeng, Vulcan Energy Resources

Metals and battery materials company Umicore has signed long-term lithium supply agreements with China’s Ganfeng Lithium and Germany’s Vulcan Energy Resources, the Belgian company announced on Friday October 15.

GLOBAL LITHIUM WRAP: Prices in China resume ascent after holiday

Lithium prices in China resumed their ascent in the week to Thursday October 14 on active trading after the end of a week-long holiday over October 1-7 to mark the country’s National Day, with the seaborne Asian market following suit.

Chile tenders 400,000 tonnes of lithium extraction rights

Chile will allow companies to bid for licenses for the extraction of 400,000 tonnes of lithium, the country’s mining ministry said on Thursday October 14.

ENERGY TRANSITION INTERVIEW: Industry accelerating push for clean energy tech - Nth Cycle CEO

Regulation has been an important driver for the push toward clean energy technologies but industry has accelerated this mindset, the chief executive officer of Nth Cycle said.

GEM signs 3-year battery materials supply deal with South Korea’s EcoPro BM

Chinese battery materials producer GEM has signed a memorandum of understanding with EcoPro BM, a subsidiary of South Korean battery cathode materials producer EcoPro, for the supply of battery raw materials over 2024-2026.

CHINA COBALT SNAPSHOT: Chinese market boosted by rallying international benchmark metal price

Key data from the Wednesday October 13 pricing session in China.