Platts surveys a broad range of market participants across the supply chain on a daily basis to ensure that pricing indications are representative of the wider market. To ensure that we capture a broad representation of the market, we speak with upstream sellers, downstream buyers, as well as traders and brokers so that their price indications are captured in our price assessment process.

All of Platts battery metals assessments are published on a daily frequency, which helps us react to spot market price changes faster. While the market liquidity for some of the battery raw materials remains nascent, especially in Europe and North America, S&P Global Commodity Insights expects this to develop swiftly amidst the projected growth in battery demand.

All of our assessments are also underpinned by a Market on Close methodology and provide a single-value, timestamped price assessment. This means that our price assessments reflect value at a specific time stamp e.g. 16.30 Singapore time, and don’t factor in any time lag. In extremely volatile daily markets, such as the lithium salts price uptrend over 2021-2022 and the sharp fall in 2023, Platts assessments remain representative of spot market value.   We publish assessments as a single value rather than a price range for our battery materials assessments, which can often be dragged from one price extreme to another, when the data is not fully tested for repeatability. To learn more about Platts methodology and battery global battery materials assessments in detail, you can see the Resources section, where you can find FAQ documents and links to our methodology guides.