Lithium at the LME


Following extensive consultation with the lithium industry, the London Metal Exchange is partnering with price reporting agency Fastmarkets to promote market acceptance of Fastmarkets’ lithium reference prices. Continued adoption of reference pricing across the industry will pave the way for the launch of an LME lithium futures contract.

The weekly midpoint prices for two of Fastmarkets MB's key assessments for lithium carbonate and lithium hydroxide will be published on this page each Friday.

Fastmarkets MB Lithium carbonate: min 99.5% Li2CO3 battery grade, spot prices CIF China, Japan & Korea, $/kg

(MIDPOINT)

Date Price (US$ per kilogram) 
05 December 2019 9.25
28 November 2019 9.25
21 November 2019 9.50 
14 November 2019 10.00

Fastmarkets MB Lithium hydroxide monohydrate: min 56.5% LiOH2O battery grade, spot prices CIF China, Japan & Korea, $/kg)

(MIDPOINT)

Date Price (US$ per kilogram) 
05 December 2019 11.25
28 November 2019 11.25 
21 November 2019 11.50 
14 November 2019 12.00

Fastmarkets MB price assessment specifications

How does Fastmarkets MB use defined pricing procedures combined with an independent market perspective and information direct from the market to produce industry leading price assessments? Find out here.

Fastmarkets MB Lithium methodology and price specifications

Fastmarkets blog - What does it mean to be a 'data submitter' and contribute to Fastmarkets' price discovery?



Useful resources

Fastmarkets - Charging up: lithium prices you can rely on

LME News - LME progresses plan to provide pricing solutions for the lithium industry

Fastmarkets news - Fastmarkets' lithium partnership with the LME - FAQs

Fastmarkets blog - Why index pricing is crucial for the lithium supply chain

Fastmarkets news - A message from Raju Daswani, Fastmarkets CEO, on Fastmarkets lithium partnership with the LME

Fastmarkets news - Fastmarkets partners with the LME to develop lithium price benchmark

Fastmarkets webinar - What's driving the battery raw materials markets?

Events

You can find out more from these upcoming events and webinars:

LME Metals Seminar 2019
The metals seminar will include a panel discussion on  'The EV revolution: what is the reality for metals markets?' 
Monday 28 October 2019
London, UK

LME Focus Day - Battery Materials Session

08:45 (London time), 31 October 2019
Will Adams of Fastmarkets will give the analyst's view of the market outlook for battery materials, followed by a panel featuring industry experts discussing the evolution of the lithium market

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Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This information has not been independently verified by us. Those prices and price indices that are evaluated or calculated by us represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to us. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists.

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