Mysteel is pleased to announce that we will launch the Lithium Carbonate Index, together with China Minmetals Corporation, in an effort to accurately mirror the price fluctuations of lithium carbonate, better represent the price trends in China's lithium carbonate market, and will assist the spot trading by proving a solid and scientific reference.
In addition, the Index aims at facilitating market players' decision making and inventory management by improving market transparency, while mitigating the production and operational risks brought by fluctuations in lithium carbonate prices.
Please stay tuned for the official release of Lithium Carbonate Index.
Lithium Carbonate Index methodology:
- Product grade: Battery grade and industrial grade lithium carbonate circulating in China market
- Product specification: Lithium carbonate meeting standards of GB/T 11075-2013 Lithium Carbonate, GB/T 23853-2022 Brine Based Lithium Carbonate, and YS/T 582-2013 Battery Grade Lithium Carbonate
- Covered regions: major transaction areas of lithium carbonate in China
- Price type: tax included, delivered to the buyer's, wire transfer
- Samples: transaction prices, bids/offers, and feasible prices
- Unit: yuan/tonne
- Minimum transaction volume: 1 tonne
- Minimum transaction unit: Yuan 500/tonne
About China Minmetals Corporation:
China Minmetals Corporation, founded in 1950, is a pilot state-owned company, with metals and minerals as its core business. By the end of 2022, China Minmetals had total assets of over RMB 1 trillion and 8 listed companies, including China MCC (601618.SH, 1618.HK) publicly listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. In 2022, it ranked 65th among Fortune Global 500 companies.
About Mysteel:
Mysteel (SZSE:300226), founded in 2000, is a leading commodity data service provider in China, and the first IOSCO compliance commodity index provider in China. It covers an extensive range of commodities including ferrous, non-ferrous, energy & chemicals, agriculture, and new energy.
