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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":577,"type":568,"marks":578},"Prices Dashboard",[579],{"type":580,"attrs":581},"link",{"href":582,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://prices.benchmarkminerals.com/","_self","url",{"text":586,"type":568},", which is also a part of your Intelligence subscription.",{"type":588,"attrs":589},"blok",{"id":590,"body":591},"c840102f-dfe0-408e-93e6-f8d9d15b9df0",[592],{"id":593,"_uid":594,"type":595,"component":596,"fixed_height":597,"use_fixed_height":50,"fixed_height_mobile":597,"fixed_height_tablet":597},"27826028","i-f19ff518-a14f-4c44-8e2f-3eb2aaa081e5","visualisation","ContentFlourish","",{"type":599,"attrs":600,"content":602},"heading",{"level":601,"textAlign":49},2,[603],{"text":604,"type":568},"Price commentary",{"type":563,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":568},"Here, Benchmark Intelligence explores the key trends underlying the price movements reported in Benchmark Price Assessments published in the last week.",{"type":563,"attrs":611,"content":612},{"textAlign":49},[613,617,619,627,629,635],{"text":614,"type":568,"marks":615},"Lithium:",[616],{"type":573},{"text":618,"type":568}," Trading was limited by the Chinese New Year and as such Chinese lithium prices were flat in RMB terms. Market participants anticipate price rises when trading resumes post-holiday. The suspension of ",{"text":620,"type":568,"marks":621},"spodumene concentrate exports from Zimbabwe",[622],{"type":580,"attrs":623},{"href":624,"uuid":625,"anchor":49,"target":583,"linktype":626},"/article/zimbabwe-suspends-lithium-concentrate-exports","604f5243-5659-4cc3-bbe4-a982e1bb429e","story",{"text":628,"type":568}," stoked lithium supply fears with prices anticipated to rise as a result. 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[Download the latest ",{"text":672,"type":568,"marks":673},"Benchmark Nickel Price Assessment",[674],{"type":580,"attrs":675},{"href":676,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://downloads.benchmarkminerals.com/?file=81e2d81d-904b-453a-83f6-94fb981efe0c&source=sharelink",{"text":636,"type":568},{"type":563,"attrs":679,"content":680},{"textAlign":49},[681,685,687,693],{"text":682,"type":568,"marks":683},"Synthetic graphite: ",[684],{"type":573},{"text":686,"type":568}," Improving synthetic graphite demand due to the resumption of operations by battery anode producers helped support modest price gains. [Download the latest ",{"text":688,"type":568,"marks":689},"Benchmark Synthetic Graphite Price Assessment",[690],{"type":580,"attrs":691},{"href":692,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://downloads.benchmarkminerals.com/?file=82fe1b3f-e1a5-4148-acc0-8a191378b714&source=sharelink",{"text":636,"type":568},{"type":563,"attrs":695,"content":696},{"textAlign":49},[697,701,703,709],{"text":698,"type":568,"marks":699},"Flake graphite: ",[700],{"type":573},{"text":702,"type":568}," Moist flake graphite grades held steady month-on-month due to limited procurement interest over the holiday period. Only the FOB East Africa -100 mesh flake graphite saw any movement with a 3.8% m-o-m drop as participants improve consensus on the regional price level. [Download the latest ",{"text":704,"type":568,"marks":705},"Benchmark Flake Graphite Price Assessment",[706],{"type":580,"attrs":707},{"href":708,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://downloads.benchmarkminerals.com/?file=0c7fabeb-5463-4f85-a04b-aea6fa7cdd5b&source=sharelink",{"text":636,"type":568},{"type":563,"attrs":711,"content":712},{"textAlign":49},[713,717,719,725],{"text":714,"type":568,"marks":715},"Black mass: ",[716],{"type":573},{"text":718,"type":568},"As with other markets, black mass payables in China held relatively steady with market participants choosing to hold off on procurement until after the holiday. EXW North America and EXW Europe payables rise to close the gap on the Asian market, supported by a bullish battery metals outlook. [Download the latest ",{"text":720,"type":568,"marks":721},"Benchmark Black Mass Price Assessment",[722],{"type":580,"attrs":723},{"href":724,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://downloads.benchmarkminerals.com/?file=df02168a-a17e-4442-af1a-2db807481689&source=sharelink",{"text":636,"type":568},{"type":588,"attrs":727},{"id":590,"body":728},[729],{"id":730,"_uid":731,"type":595,"component":596,"fixed_height":597,"use_fixed_height":50,"fixed_height_mobile":597,"fixed_height_tablet":597},"27826030","i-f1c2dc60-4ccc-44d7-b66c-8cd1d5f80ba8",{"type":563,"attrs":733,"content":734},{"textAlign":49},[735,740],{"text":736,"type":568,"marks":737},"For Benchmark's view on where prices might go in 2026, download ",[738],{"type":739},"italic",{"text":741,"type":568,"marks":742},"2026 Outlook Whitepaper: A Turning Point for Critical Materials?",[743,746],{"type":580,"attrs":744},{"href":745,"uuid":49,"anchor":49,"target":583,"linktype":584},"https://intelligence.benchmarkminerals.com/publications/special-issues/2026-outlook-whitepaper-a-turning-point-for-critical-materials",{"type":739},"This is your Weekly Raw Material Prices Briefing (20/02/2026), 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. 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