S&P Global Commodity Insights' Platts Launches First-Ever Daily South America Lithium Triangle Price Assessments
S&P Global Commodity Insights' Platts has launched the first-ever daily, physical spot market price assessments for South America lithium carbonate, effective September 2, 2024. The new Platts Lithium Triangle (LiT) price assessments aim to bring pricing transparency to an important lithium supply growth market, complementing existing battery metals prices across Asia, Americas, and Europe.
The assessments will reflect a minimum quality of 99.0% Li2CO3, with a minimum of five metric tons, loading 14 to 60 days forward, expressed in US dollars per metric ton. The Lithium Triangle, encompassing parts of Argentina, Bolivia, and Chile, is projected to be the largest contributor to global lithium supply growth over the next 5 years, with production expected to surpass 631,000 metric tons by 2028.
S&P Global Commodity Insights' Platts ha lanciato la prima valutazione quotidiana dei prezzi del mercato spot fisico per il carbonato di litio del Sud America, a partire dal 2 settembre 2024. Le nuove valutazioni dei prezzi del Platts Lithium Triangle (LiT) hanno l'obiettivo di portare trasparenza nei prezzi in un importante mercato di crescita dell'offerta di litio, integrando i prezzi esistenti dei metalli per batterie in Asia, nelle Americhe e in Europa.
Le valutazioni rifletteranno una qualità minima del 99,0% di Li2CO3, con un minimo di cinque tonnellate metriche, caricando da 14 a 60 giorni in anticipo, espressi in dollari USA per tonnellata metrica. Il Lithium Triangle, che comprende parti di Argentina, Bolivia e Cile, si prevede sarà il maggiore contributore alla crescita dell'offerta globale di litio nei prossimi 5 anni, con una produzione prevista di oltre 631.000 tonnellate metriche entro il 2028.
S&P Global Commodity Insights' Platts ha lanzado la primera evaluación diaria de precios del mercado spot físico para carbonato de litio de Sudamérica, efectiva a partir del 2 de septiembre de 2024. Las nuevas evaluaciones de precios del Platts Lithium Triangle (LiT) tienen como objetivo aportar transparencia de precios a un mercado importante para el crecimiento del suministro de litio, complementando los precios existentes de metales para baterías en Asia, América y Europa.
Las evaluaciones reflejarán una calidad mínima del 99,0% de Li2CO3, con un mínimo de cinco toneladas métricas, cargando de 14 a 60 días adelante, expresado en dólares estadounidenses por tonelada métrica. El Lithium Triangle, que abarca partes de Argentina, Bolivia y Chile, se proyecta como el mayor contribuyente al crecimiento global del suministro de litio en los próximos 5 años, con una producción que se espera supere las 631.000 toneladas métricas para 2028.
S&P Global Commodity Insights' Platts는 2024년 9월 2일부터 효력을 발휘하는 남미 리튬 탄산염에 대한 최초의 일일 물리적 스팟 시장 가격 평가를 출시했습니다. 새로운 Platts Lithium Triangle (LiT) 가격 평가는 아시아, 아메리카 및 유럽 전역에서 기존의 배터리 금속 가격을 보완하며, 중요한 리튬 공급 성장 시장에 가격 투명성을 제공하는 것을 목표로 합니다.
평가는 Li2CO3의 최소 품질이 99.0%로, 최소 5톤의 화물량으로, 14일에서 60일 후에 적재되며, 톤당 미국 달러로 표현됩니다. Lithium Triangle은 아르헨티나, 볼리비아, 칠레의 일부를 포함하며, 향후 5년간 글로벌 리튬 공급 성장에 가장 큰 기여를 할 것으로 예상되며, 2028년까지 생산량이 631,000톤을 초과할 것으로 보입니다.
S&P Global Commodity Insights' Platts a lancé les premières évaluations quotidiennes des prix du marché spot physique pour le carbonate de lithium d'Amérique du Sud, prenant effet le 2 septembre 2024. Les nouvelles évaluations de prix du Platts Lithium Triangle (LiT) visent à apporter une transparence tarifaire à un marché important pour la croissance de l'offre de lithium, en complément des prix existants des métaux pour batteries en Asie, en Amérique et en Europe.
Les évaluations refléteront une qualité minimum de 99,0% de Li2CO3, avec un minimum de cinq tonnes métriques, chargées entre 14 et 60 jours à l'avance, exprimées en dollars américains par tonne métrique. Le Lithium Triangle, qui englobe des parties de l'Argentine, de la Bolivie et du Chili, devrait être le plus grand contributeur à la croissance de l'offre de lithium dans le monde au cours des 5 prochaines années, avec une production prévue de plus de 631 000 tonnes métriques d'ici 2028.
S&P Global Commodity Insights' Platts hat die erste tägliche Bewertung der physischen Spotmarktpreise für Lithiumcarbonat aus Südamerika zum 2. September 2024 eingeführt. Die neuen Platts Lithium Triangle (LiT) Preisbewertungen zielen darauf ab, Preistransparenz für einen wichtigen Markt für das Wachstum der Lithiumversorgung zu schaffen und ergänzen die bestehenden Preise für Batteriemetalle in Asien, Amerika und Europa.
Die Bewertungen spiegeln eine Mindestqualität von 99,0% Li2CO3 wider, mit einem Minimum von fünf metrischen Tonnen, die 14 bis 60 Tage im Voraus geladen werden, ausgedrückt in US-Dollar pro metrischer Tonne. Das Lithium Triangle, das Teile von Argentinien, Bolivien und Chile umfasst, wird voraussichtlich der größte Beitrag zur globalen Lithiumversorgung über die nächsten 5 Jahre sein, wobei die Produktion bis 2028 voraussichtlich über 631.000 metrische Tonnen steigen wird.
- Launch of first-ever daily price assessments for South America lithium carbonate, enhancing market transparency
- Expansion of Platts' pricing information suite for lithium and battery metals across global markets
- Lithium Triangle production projected to surpass 631,000 metric tons by 2028, becoming the largest contributor to global lithium supply growth
- None.
Insights
The launch of Platts' daily lithium price assessments for South America's Lithium Triangle is a significant development for the battery metals market. This move brings greater transparency to a region poised to become a major global lithium supplier. The Lithium Triangle, comprising parts of Argentina, Bolivia and Chile, is projected to be the largest contributor to global lithium supply growth over the next five years.
For investors, this new price assessment offers valuable insights into market dynamics and potential investment opportunities in the region. The projected increase in lithium production from
The introduction of these price assessments is likely to have a positive impact on the lithium market's efficiency and liquidity. By providing daily, transparent pricing information, Platts is creating a more robust benchmark for contract negotiations and risk management strategies. This could lead to increased investment in the region's lithium industry and potentially lower costs for end-users in the long run.
Investors should note that this development may reduce price volatility and improve market stability, which could affect trading strategies for lithium-related stocks and ETFs. The global implications mentioned suggest that this assessment could become a key reference point for lithium pricing worldwide, potentially influencing the valuation of lithium assets and companies across the supply chain.
Brings Pricing Transparency to Important Lithium Supply Growth Market
- Complements Existing Suite of
The launch follows months of engagement with the marketplace and responds to growing demand from market participants for increased transparency, clarity and insights regarding pricing for lithium products from
"We're excited to further our century-plus history of bringing pricing transparency to markets, extending our reach in battery metals to the important South America Lithium Triangle – a region poised to play a pivotal role in global lithium production," said Anna Crowley, Global Head of Metals Pricing, S&P Global Commodity Insights. "Our aim is to provide the essential price benchmarks and insights needed by market participants throughout the critical elements and battery value chain."
The new Platts Lithium Triangle (LiT) price assessments, on a free-on-board (FOB) shipping basis, will reflect a minimum quality of
The Lithium Triangle, encompassing parts of
S&P Global Commodity Insights data shows that in 2023, the Lithium Triangle produced 268,716 metric tons of Lithium Carbonate Equivalent (LCE) equivalent to
"Not only is this the first daily price assessment for the emerging lithium production hub known as the Lithium Triangle, but the Platts LiT FOB assessment's relevance and usefulness goes well beyond
The new
The new daily end-of-trading-day price assessment follows a
For more details, visit Platts Assessments Methodology Guide.
Media Contacts:
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com
Jeff Marn +1 202-560-0776, jeff.marn@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights
FAQ
What new price assessment has S&P Global Commodity Insights' Platts (SPGI) launched for the lithium market?
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