The London Metal Exchange has partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market.
Continued adoption of reference pricing across the industry paved the way for the launch of LME Lithium Hydroxide CIF (Fastmarkets MB).
We have worked closely with the lithium industry to develop a contract which will have the longevity to support the rapidly evolving battery materials sector. Fastmarkets has consulted extensively with the physical market to develop clear lithium specifications which can be used as the basis for contractual negotiations.
The new LME battery-grade hydroxide cash-settled futures contract allows stakeholders throughout the lithium supply chain - from the source to the end user - to mitigate against price volatility.
The weekly midpoint prices for Fastmarkets MB's key assessments for lithium hydroxide are published on this page each Friday.
LME Lithium Committee
We've established the LME Lithium Committee, which is an important advisory body including key participants from across the lithium industry.
Lithium hydroxide weekly price
Fastmarkets MB lithium hydroxide monohydrate: min 56.5% LiOH2O battery grade, spot prices CIF China, Japan and Korea, $/KG.
|Date||Price (US$ per kilogram)|
|13 January 2022||37.00|
|06 January 2022||36.00|
|30 December 2021||33.00|
|23 December 2021||32.00|
Fastmarkets MB prices 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 (PDF)
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