Slovenia standard lithium battery reference price

What is a lithium reference price?

Lithium reference prices are central to the dynamic contracts being developed by CME Group (CME Globex), Guangzhou Futures Exchange (GFEX), the London Metal Exchange (LME) and The Singapore Exchange. These futures contracts are cash-settled using Fastmarkets reference price with the exception of GFEX which is delivered physically.

How much will lithium-ion batteries cost in 2022?

After more than a decade of declines, volume-weighted average prices for lithium-ion battery packs across all sectors have increased to $151/kWh in 2022, a 7% rise from last year in real terms. The upward cost pressure on batteries outpaced the higher adoption of lower cost chemistries like lithium iron phosphate (LFP).

What is the difference between lithium ion battery prices and nickel prices?

Data until March 2023. Lithium-ion battery prices (including the pack and cell) represent the global volume-weighted average across all sectors. Nickel prices are based on the London Metal Exchange, used here as a proxy for global pricing, although most nickel trade takes place through direct contracts between producers and consumers.

What is benchmark minerals' lithium price assessment?

Our specialist focus on the lithium ion battery supply chain and unrivalled network of industry contacts make Benchmark Minerals’ Lithium Price Assessment the world’s most trusted source of lithium price data, regularly referenced in negotiations and increasingly used in supply chain contracts.

What is a lithium off-take agreement?

Long-term agreements and spot prices Traditionally most lithium supply is sold on large tonnage, multi- year contracts known as off-take agreements. These contracts have a price which is usually fixed for the duration of the contract, but may be allowed to fluctuate (float) between a floor price and a ceiling price.

How often do lithium price reporting agencies publish estimated prices?

In the lithium market at least six price reporting agencies (PRAs) publish estimated lithium prices regularly. The spot price for lithium carbonate in China is considered by some market observers as a benchmark for the industry given the country’s strong position in the downstream lithium business.