Monday, August 25, 2025

Latest

Fastmarkets Proposes US and Canada Lithium Price Assessments Post-IRA

The cross-commodity price reporting agency Fastmarkets, has announced a proposal to adjust its lithium price assessments, as a response to the changing dynamics of the battery supply chain and market shifts following the enactment of the Inflation Reduction Act (IRA) in the US.

The IRA, a landmark legislation signed into law in 2022, is expected to influence trade flows significantly, potentially creating distinct price categories for materials compliant with the IRA and those that are not. This distinction underscores the growing complexity and regionalization of the lithium market, a critical component in battery manufacturing for electric vehicles and energy storage solutions.

Fastmarkets proposes to refine its existing Europe/US lithium spot battery-grade and technical-grade lithium hydroxide and carbonate price assessments by removing the US component. Instead, it plans to introduce weekly price assessments specifically for the US and Canadian markets. These new assessments, to be published weekly, are designed to provide more accurate and region-specific pricing information, catering to the unique needs of North American stakeholders.

The proposed changes include detailed specifications for both the amended Europe price assessments and the new US and Canadian lithium price assessments. These specifications cover the quality, quantity, location, timing, and unit of measurement for transactions, ensuring that the assessments reflect market realities accurately. 

Fastmarkets pioneered spot battery-grade and technical-grade lithium hydroxide and carbonate price assessments for the US and Europe and has been providing pricing data for these since 2017. Its assessments are crucial for settling contracts and have been adopted by major exchanges like the CME Group, the London Metal Exchange, and the Singapore Exchange.

According to the announcement, the consultation period for the proposal is set for 45 days, from February 12 to March 28, 2024. 


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Lithium Prices Continue to Soar; Acquisitions And Deals In The Space Are Accelerating

Lithium, a key component of the cathode in most electric vehicle (EV) batteries, is not...

Saturday, December 4, 2021, 09:00:00 AM

Major Lithium Discovery in Pennsylvania Could Transform U.S. Supply

Researchers at the University of Pittsburgh have uncovered a substantial lithium resource in Pennsylvania, suggesting...

Friday, May 31, 2024, 11:40:00 AM

Cypress Developments To Raise $8.5 Million In Bought Deal Financing

Cypress Development Corp (TSXV: CYP) this evening announced that it will be conducting a $8.5...

Monday, February 8, 2021, 04:46:01 PM

Noram Ventures Plans For Drill Program, PEA Study At Zeus Lithium Property

This morning, Noram Ventures (TSXV: NRM) provided an update on the status of its Zeus...

Tuesday, July 21, 2020, 12:02:47 PM

Apple’s Rumored Entry into EV Industry Has Implications for Miners of EV Battery Metals

This week, market reports of Apple’s potentially producing a battery-powered electric vehicle (EV) again began...

Sunday, December 27, 2020, 09:00:00 AM