March 2019

BATTERY RAW MATERIALS REPORT: China cobalt price up on rising local futures

An overview of the battery raw materials markets and their price moves from the past week.

GLOBAL LITHIUM WRAP: China’s battery-grade lithium prices move sideways; VAT cut, new subsidy weigh on markets

Chinese domestic lithium spot prices held in the week ended Thursday March 28 with most producers resisting consumer expectations for lower prices from the reduced value-added tax (VAT) and the latest Chinese new energy vehicles (NEVs) subsidies.

Trade log March 2019: Lithium

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.

China halves NEV subsidy to support only long-range, high-energy density vehicles

China’s new energy vehicle (NEV) subsidies in 2019 will only be payable for electric vehicles with higher driving range and energy density, while the value of the subsidy will be reduced by 50% to a maximum of 25,000 yuan ($3,725) per vehicle produced.

COBALT SNAPSHOT: Spot metal prices continue decline while oversupply remains

Key data from the Friday March 22 pricing session in London.

BATTERY RAW MATERIALS MARKET REPORT 22/03: Cobalt prices continue downward trend

An overview of the battery raw materials markets and their price moves from the past week.

GLOBAL LITHIUM WRAP: Chinese battery-grade prices stabilize, rest of the world prices soften

China’s domestic lithium spot market stabilized in the week ended Thursday March 21 after price dips a week ago, while assessments in the seaborne markets weakened on low demand and thin trading activity.

Decline in international cobalt metal price weighs on Chinese equivalent, offsets uptick in spot activity

The price of cobalt metal in the Chinese domestic market continued to fall in the mid-week assessment on Wednesday March 20 amid persistent weakness in the international benchmark price, which more than offset an uptick in spot trading activity.

Neometals completes Mount Marion lithium mine divestment

Australian lithium miner Neometals on Monday March 18 completed the sale of its 13.8% equity interest in the Mount Marion lithium project in Western Australia to co-shareholders Ganfeng Lithium and Mineral Resources Ltd.

Pilbara Minerals to produce battery-grade lithium chemicals in South Korea

Australian lithium miner Pilbara Minerals has exercised an option with South Korea's Posco to develop a chemical conversion plant in South Korea with an anticipated production capacity of 40,000 tonnes per year of lithium compounds.