Benchmark begins public consultation on changing nickel price publication dates

Benchmark Mineral Intelligence announced today that it has started a formal public consultation on changes to its Nickel Price Assessment Methodology.

Change in publication time

Benchmark proposes to change the frequency publication of its nickel price assessments from semi-monthly to alternate Wednesdays by 4 p.m. (London). This is in order to better align with the existing publishing schedules for its cobalt and lithium price assessments, where increased volume and frequency of materials being traded has allowed for more regular price publication over the past few years.

The proposed changes would impact these grades currently collected by Benchmark:

Nickel Sulphate EXW China

Nickel MHP CIF Asia

Nickel Sulphate CIF Asia (Normalised)

Aggregate MHP CIF Asia

Sustainable Nickel Metal EXW Europe

Sustainable Nickel Sulphate CIF Asia

This change will enable subscribers to more easily track and compare prices and trends across these key battery supply chain markets. As the lithium ion battery industry continues to develop, the frequency and volume of battery material trading is increasing. Benchmark will continue to closely monitor the markets it assesses and move to adjust the frequency of its price assessments in response to market feedback when liquidity allows.

Benchmark invites feedback from active market participants by the latest 11 January 2025.

Comments are welcomed via submission to: prices@benchmarkminerals.com