The adjustment of the long-term cooperative underwriting pricing model has attracted attention. Can we "stop" the decline in lithium prices. Today, the price of lithium carbonate increased by 250 yuan to 96750 yuan/ton.

The adjustment of the long-term cooperative underwriting pricing model has attracted attention. Can we "stop" the decline in lithium prices. Today, the price of lithium carbonate increased by 250 yuan to 96750 yuan/ton.

The adjustment of the long-term underwriting pricing model for Greenbushes, the world's largest lithium mine located in Australia, has attracted attention. Can we "stop" the decline in spodumene prices?

On the morning of January 29th, Australian lithium and nickel producer IGO announced that the Winfield Board of Directors had agreed to modify the pricing mechanism, which would take effect on January 1, 2024, and would apply to the purchase volume of SC6.0 spodumene concentrate. Under the new mechanism, the ore prices produced by the Greenbush mine will be reset on a monthly basis, based on the average prices of four price reporting agencies including Fastmarkets, and the average prices of the previous months.

It is understood that Tianqi Lithium (002466.SZ, stock price 51.01 yuan, market value 83.719 billion yuan) and Yabao Company jointly own the mine. A person from Tianqi Lithium Industry said, "The announcement is about IGO's understanding and a unilateral expectation."

Industry insiders have told reporters that this move will significantly shorten the price transmission time between lithium mines and lithium salt processing, which is conducive to enhancing the accuracy and transparency of cost measurement at the lithium salt processing end, and reflects the intensifying trend of industry chain competition as the industry enters the global deep development stage.

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According to the latest quotation from Shanghai Nonferrous Metals Network, on January 29th, lithium carbonate (99.5% battery grade/domestic) rose by 250.0 yuan to 96750 yuan/ton, reaching a new high in over a month. It has accumulated an increase of 300.0 yuan in the past 5 days and a decrease of 7550.0 yuan in the past 30 days; Lithium hydroxide (56.5% battery grade coarse particles/domestically produced) remained unchanged at 84600 yuan/ton, with a cumulative unchanged level in the past 5 days and a cumulative decrease of 11120.0 yuan in the past 30 day

Today's spodumene (spot in China)

Spodumene 5-5.5%: 6100-6750, average price 6425, down 50 yuan/ton

Spodumene 4-5%: 4350-6100, average price 5225, down 50 yuan/ton

Spodumene 3-4%: 2400-4350, average price 3375, down 25 yuan/ton

Today's lithium compounds

Lithium carbonate (battery grade): 96750 yuan/ton, up 250 yuan/ton

Lithium carbonate (industrial grade): 89000 yuan/ton, up 400 yuan/ton

Lithium hydroxide (industrial grade): 77000 yuan/ton, down 0 yuan/ton

Lithium hydroxide (battery grade coarse particles/domestic): 846500 yuan/ton, down 0 yuan/ton

Lithium hydroxide (battery grade micro powder type/domestic): 905555 yuan/ton, down 0 yuan/ton

Today's lithium mine

Spodumene concentrate (6%, CIF China): $938/ton, down $32/ton

Australian spodumene concentrate (6%, CIF China): $900/ton, down $0/ton

Brazilian spodumene concentrate (6%, CIF China): $825/ton, down $10/ton

Lithium mica (Li2O: 1.5% -2.0%): 1210 yuan/ton, down 0 yuan/ton

Lithium mica (Li2O: 2.0% -2.5%): 2085 yuan/ton, down 0 yuan/ton

Phosphate lithium aluminum ore (Li2O: 6% -7%): 9620 yuan/ton, down 0 yuan/ton

Phosphate lithium aluminum ore (Li2O: 7% -8%): 11600 yuan/ton, down 0 yuan/ton

Lithium metal (≥ 99%, industrial, electrical/domestic): 775000 yuan/ton, down by 0 million yuan/ton

January 25th spodumene (CIF China) unit (USD) (weekly price)

Li2O: 1.2% -1.5%: 80-120, with an average price of 100, a decrease of $5.5 per ton

Li2O: 2% -2.5%: 147-220, average price 183.5, down 11.5 USD/ton

Li2O: 3% -4%: 320-450, average price 385, down 33.5 USD/ton

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Phosphate ore: 1055 yuan/ton, with an increase of 0 yuan/ton

Lithium iron phosphate (power type): 432500 yuan/ton, down 0 yuan/ton

Cobalt metal

Electrolytic cobalt (≥ 99.8%/gold, like): 22000 yuan/ton, up 0 yuan/ton

Cobalt powder (-200 mesh/domestic) costs 203500 yuan/ton, down 0 yuan/ton