December 2021

Lithium carbonate premium over hydroxide to persist in new year, sources say: 2022 preview

This past year marked a spectacular recovery in lithium prices with the market rebounding into growth from the lows of 2020 and pushing lithium carbonate back to the forefront of the battery market.

Low supply drives up Chinese lithium prices

China’s battery-grade lithium carbonate price continued to rise amid dried-up spot supply in the week to Thursday December 30, which supported that for battery-grade lithium hydroxide. Lithium prices in East Asia’s seaborne market also rose as a result.

China’s CNGR to buy nickel and cobalt from XMXYG

Chinese battery materials producer CNGR Advanced Materials has signed a deal with Chinese trading company Xiamen Xiangyu (XMXYG) to purchase nickel and cobalt materials, the former announced on Wednesday December 29.

Tesla-Syrah graphite deal signals OEMs taking notice of anode supply bottlenecks

Last week’s supply agreement between Tesla and graphite producer Syrah Resources for graphite anode material signals that original equipment manufacturers (OEMs) are starting to notice the need to secure the supply of materials beyond battery cathode components.

China’s nickel sulfate price trending lower ahead of year-end

China’s nickel sulfate price widened downward in the week to Friday December 24 amid weak demand for downstream precursor products, with the spot market also inactive near year-end.

Chinese battery-grade lithium prices rise further; international cobalt prices take a breather

An overview of the new energy materials markets and their price moves in the week to Friday December 24.

Chinese lithium prices continue rally on firm demand, limited supply

China’s battery-grade lithium carbonate price continued to rally in the week to Thursday December 23, with spot supply drained by buyers’ continual restocking in the run-up to the year end. Elsewhere, prices also largely strengthened as a result of tight supply.

China’s Huayou Cobalt to acquire 100% of Prospect Lithium Zimbabwe

China’s Zhejiang Huayou Cobalt says it plans to acquire 100% of Prospect Lithium Zimbabwe (Pvt) Ltd with a total of $422 million.

Amendment to Fastmarkets’ cobalt hydroxide payable indicator pricing holiday schedule

After a one-month consultation, Fastmarkets has amended the pricing holiday schedule for its cobalt hydroxide payable indicator.

Rio Tinto to acquire Rincon Mining lithium project

Anglo-Australian miner Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining for $825 million, the former said on Tuesday December 21.