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Materials Price Briefing – 28/11/2025","raw-materials-price-briefing-21-11-2025-2","publications/briefings/raw-material-prices/raw-materials-price-briefing-21-11-2025-2",{"_uid":557,"date":558,"content":559,"excerpt":685,"_editable":686,"component":687,"categories":688,"visibility":708,"publication_frequency":709,"formattedDate":710,"formattedArticleDate":711,"folder":712},"d84fe024-6f4d-4ce1-bbbc-039b0468ee24","2025-11-28 00:00",{"type":560,"content":561},"doc",[562,587,599,609,618,627,636,653,661,669],{"type":563,"attrs":564,"content":565},"paragraph",{"textAlign":49},[566,569,577,579,585],{"text":567,"type":568},"This is your Weekly Raw Material Prices Briefing (28/11/2025), part of your ","text",{"text":570,"type":568,"marks":571},"Benchmark Source",[572],{"type":573,"attrs":574},"link",{"href":575,"uuid":49,"anchor":49,"target":49,"linktype":576},"https://source.benchmarkminerals.com/","url",{"text":578,"type":568}," or ",{"text":580,"type":568,"marks":581},"Price 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Every week, this Briefing charts the changes in prices across the suite of critical minerals and highlights key trends.",{"type":588,"attrs":589},"blok",{"id":590,"body":591},"82f42ecf-4192-4d55-a6cb-9669e71d9f2e",[592],{"id":593,"_uid":594,"type":595,"_editable":596,"component":597,"fixed_height":598,"use_fixed_height":50,"fixed_height_mobile":598,"fixed_height_tablet":598},"26518119","i-3ae6c242-7382-4c63-915c-a13dd89d5162","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-3ae6c242-7382-4c63-915c-a13dd89d5162\", \"id\": \"\"}-->","ContentFlourish","",{"type":563,"attrs":600,"content":601},{"textAlign":49},[602,607],{"text":603,"type":568,"marks":604},"Lithium: ",[605],{"type":606},"bold",{"text":608,"type":568},"Prices of both battery grade and technical grade lithium carbonate in the Chinese domestic market reached their highest level so far this year, though some consumers (especially junior cathode producers) show reluctance to purchasing at the highest end. Hydroxide prices rose on the back of increasing carbonate prices despite sluggish demand for the chemical. Spodumene prices rose 3.4% week-on-week following chemical prices.",{"type":563,"attrs":610,"content":611},{"textAlign":49},[612,616],{"text":613,"type":568,"marks":614},"Cobalt:",[615],{"type":606},{"text":617,"type":568}," Expensive hydroxide feedstock and limited conversion margins held cobalt sulphate prices steady week-on-week. MHP payables surged to record levels (95%) as refiners seek non-DRC supply.",{"type":563,"attrs":619,"content":620},{"textAlign":49},[621,625],{"text":622,"type":568,"marks":623},"Flake Graphite:",[624],{"type":606},{"text":626,"type":568}," Flake graphite prices across all mesh sizes saw no change month-on-month, reflecting limited liquidity rather than demand improvement. 10 micron spherical graphite prices held steady, with 15 and 25 micron SPG increasingly marginally.",{"type":563,"attrs":628,"content":629},{"textAlign":49},[630,634],{"text":631,"type":568,"marks":632},"Synthetic graphite: ",[633],{"type":606},{"text":635,"type":568},"Robust downstream demand for synthetic graphite anode material sees pet needle coke prices rise slightly (\u003C1%) for the first time in several months. Non-needle pet coke accelerated its upward price swing through November with pre-calcined low sulphur pet coke increasing 7.4%.",{"type":563,"attrs":637,"content":638},{"textAlign":49},[639,643,645,651],{"text":640,"type":568,"marks":641},"Rare earths: ",[642],{"type":606},{"text":644,"type":568},"Rare earths show mixed momentum in November, with light elements strengthening on restocking activity while heavy rare earths soften amidst weak magnet demand and subdued spot trading. Benchmark increased the ",{"text":646,"type":568,"marks":647},"frequency of price assessments for rare earths",[648],{"type":573,"attrs":649},{"href":650,"uuid":49,"anchor":49,"target":49,"linktype":576},"https://source.benchmarkminerals.com/article/benchmark-to-increase-frequency-and-to-update-specifications-in-its-rare-earths-price-assessments",{"text":652,"type":568}," to every two weeks.",{"type":588,"attrs":654},{"id":655,"body":656},"ab5e0a1c-127c-479c-9be5-9f0eba6a0279",[657],{"id":658,"_uid":659,"type":595,"_editable":660,"component":597,"fixed_height":598,"use_fixed_height":50,"fixed_height_mobile":598,"fixed_height_tablet":598},"26518116","i-b91b4e82-7db9-403f-9776-9f8e3d29869d","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-b91b4e82-7db9-403f-9776-9f8e3d29869d\", \"id\": \"\"}-->",{"type":563,"attrs":662,"content":663},{"textAlign":49},[664],{"text":665,"type":568,"marks":666},"On Monday 24 November, Benchmark (BMI) futures contracts for lithium and cobalt went live on Intercontinental Exchange (ICE). To learn more about how the lithium market has evolved from speciality chemical pricing to financial instruments, download Benchmark’s Special Issue. Fill out the form below to get in touch with one of our specialists.",[667],{"type":668},"italic",{"type":588,"attrs":670},{"id":671,"body":672},"6d24c4a0-cf30-4b7e-8a6b-b6edd78df797",[673],{"id":674,"_uid":675,"_editable":676,"component":677,"wrap_in_box":50,"hubspot_form":674,"redirect_url":678,"success_file":681,"default_height":598,"success_message":598,"success_sub_text":598,"hidden_field_values":684},"57a99950-73f5-48be-98a4-7324c28e5d0b","i-a35b132e-8f36-4b04-b58a-516566bc83d3","\u003C!--#storyblok#{\"name\": \"ContentHubspotForm\", \"space\": \"\", \"uid\": \"i-a35b132e-8f36-4b04-b58a-516566bc83d3\", \"id\": \"\"}-->","ContentHubspotForm",{"id":598,"url":598,"linktype":679,"fieldtype":680,"cached_url":598},"story","multilink",{"id":49,"alt":49,"name":598,"focus":49,"title":49,"source":49,"filename":598,"copyright":49,"fieldtype":682,"meta_data":683},"asset",{},[],"This is your Weekly Raw Material Prices Briefing (28/11/2025), part of your Benchmark Source or Price Assessment subscription. Every week, this Briefing charts the changes in prices across the suite of critical minerals and highlights key trends. Lithium: Prices of both battery grade and technical grade lithium carbonate in the Chinese domestic market reached their […]","\u003C!--#storyblok#{\"name\": \"briefing\", \"space\": \"\", \"uid\": \"d84fe024-6f4d-4ce1-bbbc-039b0468ee24\", \"id\": \"\"}-->","briefing",[689,691,694,696,699,701,703,705],{"slug":690,"name":115},"cobalt",{"slug":692,"name":693},"critical-minerals","Critical Minerals",{"slug":695,"name":8},"lithium",{"slug":697,"name":698},"manganese","Manganese",{"slug":700,"name":189},"natural-graphite",{"slug":702,"name":150},"nickel",{"slug":704,"name":420},"rare-earths",{"slug":706,"name":707},"synthetic-graphite","Synthetic Graphite","private","weekly","Nov 28, 2025","28th November 2025",{"slug":713,"title":714,"cardImage":715,"description":716,"frequency":717},"raw-material-prices","Raw Material Prices","https://a.storyblok.com/f/287943243085208/x/ae014c98f2/raw-material-prices-hero.avif","This Briefing charts changes in prices across a key selection of minerals vital for battery and energy transition supply chains.","Weekly",[],[],1792773994445]