Our Price Explained
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What is Platts SpodIX CIF China assessment?
What is Platts SpodIX CIF China assessment?
Platts SpodIX is a daily spot price assessment on a CIF China basis reflecting spodumene concentrate on a 6.0% pricing basis. The assessment considers material with lithium oxide content of 5.0-6.0% and reflects the following brands, which the market has deemed to be typical and mainstream:
- Kathleen Valley
- Mount Holland
- North American Lithium
- Pilgangoora
- Wodgina
Other brands may be considered for the assessment and normalized to the basis specifications. The assessment reflects volumes shipped in dry bulk vessels. Information reported on cargoes of volumes differing from the basis volume specification of 10,000 mt and shipped in dry bulk may be normalized.
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Platts Lithium Spodumene assessments
Price Assessments Symbol SpodIX CIF China SPODI00 Lithium Spodumene 5.5% Li₂O CIF China BATLS00 Lithium Spodumene 6.0% Li₂O FOB Australia BATSP03 Lithium Spodumene 0.1% differential to Spodumene 6% FOB Australia BATSS00 Lithium Spodumene 5.5%-6.0% FOB Brazil BATST00 -
How do we assess Platts Lithium Spodumene?
How do we assess Platts Lithium Spodumene?
Platts, as part of S&P Global Energy, publishes spodumene concentrate assessments based on market information, including, but not limited to, firm bids and offers, and trades reported to the price reporter up to the close of business at 4:30pm Singapore time. Other qualities are considered, and may be normalized back to Platts base standard specifications, subject to prevailing market differentials.
Platts collects data from market participants across the full supply chain, allowing us to produce a balanced assessment of price by engaging with miners, traders and consumers.
Platts coverage of the spodumene market is led by a global team across multiple offices: Singapore, Sao Paulo, Houston and London. To learn more about Platts methodology and battery metals assessments in detail, click here.
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Platts Spodumene Heards
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From spodumene and brine to refined products and recycled black mass gain visibility across the full lithium value chain