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Every week, this briefing charts changes in prices across a key selection of minerals vital for battery and energy transition supply chains. You can view all of Benchmark's 2,500+ prices on the ",{"text":578,"type":569,"marks":579},"Prices Dashboard",[580],{"type":581,"attrs":582},"link",{"href":583,"uuid":49,"anchor":49,"target":584,"linktype":585},"https://prices.benchmarkminerals.com/","_self","url",{"text":587,"type":569},", which is also a part of your Intelligence subscription.",{"type":589,"attrs":590},"blok",{"id":591,"body":592},"c840102f-dfe0-408e-93e6-f8d9d15b9df0",[593],{"id":594,"_uid":595,"type":596,"component":597,"fixed_height":598,"use_fixed_height":50,"fixed_height_mobile":598,"fixed_height_tablet":598},"30351928","i-f19ff518-a14f-4c44-8e2f-3eb2aaa081e5","visualisation","ContentFlourish","",{"type":600,"attrs":601,"content":603},"heading",{"level":602,"textAlign":49},2,[604],{"text":605,"type":569},"Price commentary",{"type":564,"attrs":607,"content":608},{"textAlign":49},[609],{"text":610,"type":569},"Here, Benchmark Intelligence explores the key trends underlying the price movements reported in Benchmark Price Assessments published in the last week.",{"type":564,"attrs":612,"content":613},{"textAlign":49},[614,618,620,627],{"text":615,"type":569,"marks":616},"Lithium:",[617],{"type":574},{"text":619,"type":569}," In the week to 23 September, lithium prices fell in China as some speculators’ lofty demand expectations for September and October were met by production guidance decreases from major cell producers. Cathode and electrolyte producers echoed similarly modest demand sentiment for October, citing to Benchmark a lack of firm orders for the month. The approaching Golden Week holiday, commencing on 1 October, tempered procurement interest among lithium consumers who preferred not to increase their inventory holding costs over the festive period. [Download the latest ",{"text":621,"type":569,"marks":622},"Lithium Price Assessment",[623],{"type":581,"attrs":624},{"href":625,"uuid":49,"anchor":49,"target":626,"linktype":585},"https://downloads.benchmarkminerals.com/?file=8502825a-b0b1-4044-88a0-81c96557cf51&source=sharelink","_blank",{"text":628,"type":569},"]",{"type":564,"attrs":630,"content":631},{"textAlign":49},[632,636,638,644],{"text":633,"type":569,"marks":634},"Nickel: ",[635],{"type":574},{"text":637,"type":569},"China's domestic nickel sulphate prices fall further as shifting EV cell supply chains and weak seasonal EV demand continue to weigh on procurement levels. MHP payables soften as weak Ni sulphate demand and low metal demand leave Chinese buyers unwilling to purchase at current levels. Nickel metal prices decline as mid-year RKAB production quotas and soft demand drag on the market, though prices tick up late in the period on El Niño concerns. [Download the latest ",{"text":639,"type":569,"marks":640},"Nickel Price Assessment",[641],{"type":581,"attrs":642},{"href":643,"uuid":49,"anchor":49,"target":626,"linktype":585},"https://downloads.benchmarkminerals.com/?file=75011c5b-abb4-4cc1-9924-37e626aa73e4&source=sharelink",{"text":628,"type":569},{"type":564,"attrs":646,"content":647},{"textAlign":49},[648,652,654,660],{"text":649,"type":569,"marks":650},"Cobalt: ",[651],{"type":574},{"text":653,"type":569},"Cobalt sulphate prices fell 3.3% w-o-w to RMB 56,000–62,000/tonne ($8,344–9,238), as weak downstream demand and continued offers of discounted recycled material weighed on the market. Cobalt hydroxide prices fell 11.1% w-o-w to $15.00–17.00/lb ($33,069–37,479/tonne), with no confirmed transactions reported during the period. Benchmark has not recorded a confirmed cobalt hydroxide transaction in more than a month, and as such the assessment reflected a combination of bids, offers and broader market indications, with buyers and sellers still unable to agree on prices. [Download the latest ",{"text":655,"type":569,"marks":656},"Cobalt Price Assessment",[657],{"type":581,"attrs":658},{"href":659,"uuid":49,"anchor":49,"target":626,"linktype":585},"https://downloads.benchmarkminerals.com/?file=4fda88aa-f3ad-4408-8e4e-efd17c34fdbc&source=sharelink",{"text":628,"type":569},{"type":564,"attrs":662,"content":663},{"textAlign":49},[664,668,670,676],{"text":665,"type":569,"marks":666},"Black mass: ",[667],{"type":574},{"text":669,"type":569},"Domestic Chinese black mass payables continue to soften as lithium carbonate and cobalt sulphate prices extend their decline, while LFP black mass tracks lithium carbonate's steep fall. Seaborne Asia NCM payables rise as a trade is reported at the top of the range, while LCO black mass payables fall further amid thin liquidity and limited buyer appetite for cobalt-bearing material. North American NCM black mass payables hold flat as interim export exemptions allow shipments to resume, while LCO black mass drops sharply after period of minimal liquidity. [Download the latest ",{"text":671,"type":569,"marks":672},"Black Mass Price Assessment",[673],{"type":581,"attrs":674},{"href":675,"uuid":49,"anchor":49,"target":626,"linktype":585},"https://downloads.benchmarkminerals.com/?file=e53449ca-f0fa-477a-a3d5-62122a91fd26&source=sharelink",{"text":628,"type":569},{"type":589,"attrs":678},{"id":591,"body":679},[680],{"id":681,"_uid":682,"type":596,"component":597,"fixed_height":598,"use_fixed_height":50,"fixed_height_mobile":598,"fixed_height_tablet":598},"30351914","i-f1c2dc60-4ccc-44d7-b66c-8cd1d5f80ba8","This is your Weekly Raw Material Prices Briefing (18/09/2026), part of your Benchmark Intelligence subscription. Every week, this briefing charts changes in prices across a key selection of minerals vital for battery and energy transition supply chains. You can view all of Benchmark's 2,500+ prices on the Prices Dashboard, which is also a part of your Intelligence subscription.","briefing",[686,688,691,693,696,698,700,702,705,708,711,714],{"slug":687,"name":116},"cobalt",{"slug":689,"name":690},"critical-minerals","Critical Minerals",{"slug":692,"name":8},"lithium",{"slug":694,"name":695},"manganese","Manganese",{"slug":697,"name":191},"natural-graphite",{"slug":699,"name":151},"nickel",{"slug":701,"name":420},"rare-earths",{"slug":703,"name":704},"synthetic-graphite","Synthetic Graphite",{"slug":706,"name":707},"raw-materials","Raw Materials",{"slug":709,"name":710},"recycling","Recycling",{"slug":712,"name":713},"graphite","Graphite",{"slug":715,"name":380},"black-mass","private","weekly","Sep 25, 2026","25th September 2026",{"slug":721,"title":722,"cardImage":723,"description":724,"frequency":725},"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",[],[],1790350020297]