SMM announcement on new price of spodumene concentrate

Published: Jun 28, 2019 13:56

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Dear SMM Cobalt and Lithium Industry customers:

In the past two years, with the development of new energy industry, more and more spodumene concentrate is imported into China. The upstream and downstream enterprises of the industrial chain also pay more and more attention to the trading price of spodumene concentrate. As a result, SMM decided to add the quotation of spodumene concentrate in order to provide a reference, representative, fair and scientific price reference for the raw material pricing of the industry.

After a period of market research, SMM will add a new price point for spodumene concentrate on July 8.

SMM spodumene concentrate

1. The price range is: Li2O content 5.5% to 6.2%, impurity content: Fe2O3 content ≤ 1.5%, mica content ≤ 3%, CIF China, unit US $per ton. Through the conversion of the coefficient, the quotation analyst uniformly processes the quotation with a Li2O content of 6%.

two。 Transactions whose content is not within the standard range will be standardized. For specific standardized processing formulas and procedures, please consult the quotation analyst.

3. Transaction volume of bid acquisition: more than 5000 physical tons.

4. Update frequency: 13:00 daily.

5. Standard unit:

Sichuan Yahua Industrial Group Co., Ltd.

Galaxy resources co., Ltd.

Baosteel resources co., Ltd.

Jiangsu Ronghui General Lithium Industry Co., Ltd.

Ganzhou Yuanhuitong lithium industry co., Ltd.

Guangdong Weihua co., Ltd.

Mitsui products trading co., Ltd.

Sichuan Neng Tou Dingsheng Lithium Industry Co., Ltd.

Shandong Ruifu Lithium Industry Co., Ltd.

(regardless of the above ranking, the SMM bid units are dynamically updated in order to provide a representative mainstream transaction price for the market, and the transactions of some unlisted sellers and buyers of lithium mines are also within the range of SMM prices.)

At the same time, I would like to express my heartfelt thanks to the customers who have been cooperating and helping in the process of quoting SMM cobalt and lithium!

SMM New Energy Research team

Contact information: Ning Ziwei 021 5166 6780

June 28, 2019

Quotation

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

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