Benchmark begins public consultation on increasing spodumene prices to weekly publishing frequency

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

Increased frequency

Growing demand for lithium feedstock from the lithium chemicals industry, combined with more liquid spot activity, has increased the volume and frequency of spodumene concentrate transactions, allowing for more regular price publication.

Benchmark proposes to move its spodumene concentrate grade from alternate weeks to weekly frequency to give a more comprehensive assessment of price trends, aligning with existing CIF Asia (spot) and EXW China lithium carbonate and hydroxide publication frequency.

Following feedback and discussion with a number of market participants, Benchmark proposes to increase the regularity of its FOB Australia spodumene concentrate pricing to weekly, to be published on Wednesdays, by 4 p.m. (London).

As the lithium ion battery industry continues to develop, the frequency and volume of battery material trading is increasing. To continue to give an accurate and comprehensive assessment of price movements, Benchmark continues to monitor and evolve the frequency with which its market leading price assessments are published.

The proposed changes would impact the following grade currently collected by Benchmark:

Spodumene concentrate, FOB Australia, 6% Li2O

Benchmark Price Assessments – contact us:

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

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