Price Assessment

Platts North Asia Lithium Assessment

  • What are Platts North Asia Lithium price assessments?
  • How do we assess Platts North Asia Lithium prices?
  • Platts North Asia Lithium Commentary
  • Platts North Asia Lithium Heards

What are Platts North Asia Lithium price assessments?

Platts Lithium Hydroxide CIF North Asia by S&P Global Commodity Insights reflects physical spot market prices for min 56.5% purity battery grade lithium hydroxide. Other qualities are considered and may be normalized back to our base standard specifications, subject to prevailing market differentials.

Platts Lithium Carbonate CIF North Asia assessment reflects physical spot market prices for min 99.5% purity battery grade lithium carbonate. Other qualities are considered, and may be normalized back to Platts base standard specifications, subject to prevailing market differentials.

S&P Global Commodity Insights launched the weekly Lithium Carbonate CIF N. Asia & Lithium Hydroxide CIF N. Asia assessments on September 7, 2018. The assessments are timestamped to 4:30pm Singapore time and are published on Fridays.

How do we assess Platts North Asia Lithium prices?

Platts CIF North Asia China Lithium Assessments by S&P Global Commodity Insights are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor each week. Our assessments reflect responsibly sourced material, which sellers should be able to demonstrate in line with standard industry practice, upon buyers' request.

S&P Global Commodity Insights collects data from market participants across the full supply chain, allowing us to produce a balanced assessment of price by engaging with suppliers, traders and consumers of all size and scale.

S&P Global Commodity Insights coverage of the lithium carbonate and hydroxide market is led by a global team across three offices: Singapore, Sao Paulo and London. These regions cover the key supply and consumption hubs for lithium carbonate.

Lithium Hydroxide Cargoes delivered to North Asia countries other than Japan and South Korea are reflected in the assessment, after normalizing to the stated basis. Freight, quality differentials for lithium hydroxide cargoes, as well as the spreads and dynamics between different regions may be considered in the normalization process.

The Lithium Carbonate CIF North Asia assessment is basis Shanghai port, China. Cargoes delivered into any North Asian ports, such as in Japan and South Korea, are reflected in the assessment, after normalizing to the stated basis port. Freight and quality differentials for lithium carbonate cargoes delivered to different north Asian ports, as well as the spreads and dynamics between different regions may be considered in the normalization process.

Platts North Asia Lithium Commentary

  • Market eyes upcoming spodumene auction
  • European lithium market remains stable after softening



Platts assessed battery-grade lithium carbonate at $14,000/mt May 28, flat on the day but down $250/mt on the week.

The assessment for lithium hydroxide was $14,200/mt May 28, up $200/mt on the day but down $50 on the week.

Prices reflect the spot value of battery-grade material on a CIF North Asia basis, referring to deliveries to the main ports of China, Japan, and South Korea. Lithium carbonate, however, is normalized to deliveries in Shanghai.

Tradable indications for battery-grade lithium carbonate and hydroxide were heard from a consumer in China at around $14,000-$15,000/mt.

The consumer acknowledged that demand for seaborne and domestic markets are facing challenges, owning to slow demand in the seaborne market.

An international producer heard an offer May 27 for battery-grade lithium hydroxide at around $14,500/mt CIF Asia basis. The producer also commented that the market had been silent for nearly a month.

"There is really not much happening in the market right now, but the ALB auction ... May 29 will give us a better view to gauge the market," a trader said.

Platts battery-grade lithium carbonate assessment at $14,000/mt CIF North Asia was equivalent to Yuan 112,692/mt DDP China, including a 13% value-added tax, as well as port and logistics costs.

The DDP China lithium carbonate price was assessed at Yuan 105,000/mt May 28, showing that seaborne lithium carbonate prices were at a premium of Yuan 7,692/mt, or 7.3%.

The dollar was at Yuan 7.1101 at 4:30 pm Singapore time.

No further movement was seen in the European lithium market in the week started May 27 following some softening in the previous week amid lackluster demand and bearish price sentiment led by the Asian market. Platts' daily assessments for battery grade lithium carbonate and hydroxide were both stable at $14,350/mt CIF Europe May 28, unchanged on the day and down $150/mt on the week.

The Platts daily DDP US lithium carbonate assessment, launched Jan. 29, remained unchanged at $15,500/mt May 28.

The assessment reflects standard battery grade quality, min 99.5% Li2CO3, delivered 15-60 days forward. Indications for other qualities are considered and normalized to Platts base standard specification subject to prevailing market differentials.

In the absence of observable spot market activity, Platts may consider other verifiable data reported, such as the effect of movements in related markets through spread differentials.

Platts is part of S&P Global Commodity Insights.

Platts North Asia Lithium Heards

29 May 2024 — Lithium Carbonate CIF Europe heard after 16:30 GMT on May 29 tradable at $14,000-14,500/mt: International producer

29 May 2024 — Lithium Hydroxide CIF Europe heard after 16:30 GMT on May 29 tradable at $14,000-14,500/mt: International producer

29 May 2024 — Lithium Hydroxide CIF North Asia heard after 16:30 GMT on May 29 tradable at $14,250/mt: International producer

29 May 2024 — Lithium Carbonate CIF North Asia heard after 16:30 GMT on May 29 tradable at $14,000/mt: International producer

29 May 2024 — Lithium Carbonate CIF Europe heard on May 29 tradable at $13,000-15,000/mt (battery grade): distributor

29 May 2024 — Lithium Carbonate CIF Europe heard on May 29 tradable at $14,350/mt (battery grade): International producer

29 May 2024 — Lithium Hydroxide CIF Europe heard on May 29 tradable at $14,350/mt (battery grade): International producer

29 May 2024 — Lithium Hydroxide CIF Europe heard on May 29 tradable at $13,000-15,000/mt (battery grade): distributor

29 May 2024 — Spodumene Concentrate (5.46% lithium oxide) EXW Zhenjiang heard on May 29 traded at Yuan 8,959/mt, 10515.1 mt: International miner

29 May 2024 — Lithium Carbonate DDP China heard on May 29 offered at Yuan 104,500/mt, June loading (battery grade): Chinese trader

29 May 2024 — Lithium Carbonate DDP China heard on May 29 tradable at Yuan 103000-104000/mt, June loading (battery grade): Chinese trader

29 May 2024 — Lithium Carbonate DDP China heard on May 29 offered at Yuan 106,000/mt, June loading (battery grade): Chinese trader

28 May 2024 — Ni-Co black mass lithium payables DDP China heard on May 28 tradable at 75% payables of lithium carbonate, June loading: Chinese recycler

28 May 2024 — LFP black mass DDP China heard on May 28 tradable at Yuan 4500 per percent lithium, June loading: Chinese recycler

28 May 2024 — Lithium Carbonate EXW China heard on May 28 tendered at Yuan 106,200/mt, 192 mt, June loading (battery grade): Chinese producer