June 2019

BATTERY RAW MATERIALS MARKET REPORT 28/06: Cobalt hydroxide prices slump in June against weakness in metal

An overview of the battery raw materials markets and their latest price moves.

ERG resumes some cobalt metal production at Chambishi

ERG partially restarted production of cobalt metal at Chambishi in Zambia earlier this month.

Galaxy delays 15,000t lithium spodumene shipment

Australian spodumene miner Galaxy Resources has delayed one shipment of 15,000 tonnes of lithium spodumene previously planned for the second quarter from its Mount Cattlin nameplate operation in Western Australia, it said on Wednesday June 26.

GLOBAL LITHIUM WRAP: Chinese markets under pressure from lower end-user demand over summer

Downwards price pressure continues to affect the Chinese domestic lithium market due to quiet buying activity in the traditionally weak summer season, with battery-grade lithium carbonate producers lowering their prices to boost sales and lithium hydroxide prices staying unchanged.

Trade log June 2019: Lithium

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

NEWSBREAK: Collapse at Glencore's Kamoto copper-cobalt mine kills 19, production unaffected

A gallery collapse at Glencore's Kamoto Copper Company in the Democratic Republic of Congo has killed 19 people, the company said in a filing on the London Stock Exchange on June 27.

Summer slowdown accelerates Chinese cobalt metal price downtrend

The Chinese domestic cobalt metal price fell by 3.1% in the midweek pricing session due to sluggish demand during the traditionally weak consumption season causing suppliers to compete fiercely for limited inquiries in the spot market.

Lithium spodumene prices down 2.8% in June vs May

Lithium spodumene prices have declined by 2.8% in Asia over the past month, reflecting a slowdown in demand and low lithium carbonate and hydroxide prices in China.

Cobalt continues slide approaching month, quarter-end

Cobalt metal prices continued to weaken on Wednesday June 26 with the first half of the week seeing consumers postpone all but essential buying, leaving sellers to cut their offers to entice sales.

WEB SEMINAR Q&A: Cobalt: Contending with volatility in 2019 and beyond

Fastmarkets' pricing and research team answers some of the key questions raised during our web seminar, discussing recent price moves in the cobalt market and how industry developments might affect the market - and prices.