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Lithium at the LME


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 will pave the way for the launch of an LME lithium futures contract – LME Lithium Hydroxide CIF (Fastmarkets MB) – in H1 2021.

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 will be the first of its kind, allowing stakeholders throughout the lithium supply chain - from the source to the end user - to mitigate against price volatility.

To discover more about Fastmarkets’ lithium pricing specifications,

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. Find out more here.

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

(MIDPOINT)

Date Price (US$ per kilogram) 
19 November 2020 9.00
12 November 2020 9.00
05 November 2020 9.00
29 October 2020 9.00

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? .

Fastmarkets MB Lithium methodology and price specifications

Useful resources

Fastmarkets - Charging up: lithium prices you can rely on

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

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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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