Benchmark begins public consultation to increase frequency of monthly lithium grades and to commence publication of spot and contract pricing for CIF Asia grades

London, UK (16 November 2022) – Benchmark Mineral Intelligence (“Benchmark”), the world’s leading independent provider of actionable price assessments, data, and analysis for the lithium ion battery to electric vehicle supply chain, announced today that it has started a formal public consultation on changes to its Lithium Price Assessment Methodology.

Following feedback and discussion with a number of market participants, Benchmark proposes the following changes to its Lithium Price Assessment Methodology:

Should the proposed changes to Benchmark’s CIF Asia lithium grades be implemented, Benchmark will publish a spot, a contract and a “combined” grade with the latter allowing for continuity of the existing price where it is tied into long term supply contracts

This comes after a sustained period of increased volatility, liquidity, and transaction volumes, which Benchmark believes will be a permanent feature of the growing global market moving forward.

Benchmark invites feedback from active market participants by latest 16 December 2022.

Please contact any Benchmark team member with feedback or email prices@benchmarkminerals.com.