Benchmark begins public consultation on its Price Assessment Methodologies

Benchmark Mineral Intelligence announced today that it has started a formal public consultation on changes to itsPrice Assessment Methodologies.

Domestic China prices to be published in Chinese yuan

Amid recent increased foreign exchange (FX) rate volatility, Benchmark is proposing to publish all grades that are collected in Chinese yuan in their original currency.

This will impact prices uploaded to the website, however subscribers will be able to toggle between currencies on the website for all grades.

Therefore, prices will be available in both USD and CNY on the website and continue to be shown in both USD and CNY in assessments distributed to subscribers via email.

Moreover, Benchmark proposes to change its FX rate provider for all prices to Finnhub, with FX rates taken for any relevant grades at 9am (London) on the day of publication.

The following grades will be impacted:

Lithium

Lithium Carbonate EXW China; Min 99.0%; Technical

Lithium Carbonate EXW China; Min 99.5%; Battery

Lithium Hydroxide EXW China; Min 56.5%

Nickel

Nickel Sulphate EXW China; Min 22%

Cobalt

Cobalt Sulphate EXW China; Min 20.5%

Cobalt Oxide EXW China; Min 72.8%

Manganese

Manganese Sulphate; EXW China; Min 32%

Rare Earths

Neodymium-Praseodymium Oxide; DDP China; >22%>70%

Dysprosium Oxide; DDP China; 99.0-99.5%

Samarium Oxide; DDP China; 99.0-99.9%

Terbium Oxide; DDP China; 99.0-99.9%

Black Mass

Black Mass LFP Feedstock; EXW China; Li Price per Percentage Point; Fixed Price

Flake Graphite

DDP China; 94-95% C; -100 Mesh

DDP China; 94-95% C; +100 Mesh

Synthetic Graphite

Calcined Pet Coke; DDP China; S<0.5%

Calcined Pet Needle Coke; DDP China; S<0.5%

Calcined Pitch Needle Coke; DDP China; S<0.5%

Medium Sulphur Pre-calcined Pet Coke; DDP China; 0.5%<S<3.0%

Pre-calcined Pet Coke; DDP China; S<0.5%

Pre-calcined Pet Needle Coke; Current; DDP China; S<0.5%

Pre-calcined Pitch Needle Coke; DDP China; S<0.5%

Graphitisation Tolling Fees; China; C≥90%

Cathode

NCM111, DDP China, 140-160 mAh/g

NCM523, DDP China, 150-170 mAh/g

NCM622, DDP China, 155-180 mAh/g

NCM613, DDP China, 170-200 mAh/g

NCM811,DDP China, ≥200 mAh/g

NCA, DDP China, ≥175 mAh/g

LFP, DDP China, ≥160 mAh/g

LCO, DDP China, ≥155 mAh/g

Anode

High Energy Synthetic Graphite Anode, DDP China, ≥99.97% C, 350-370 mAh/g

Medium Energy Synthetic Graphite Anode, DDP China, ≥99.95% C, 330-350 mAh/g

Low Energy Synthetic Graphite Anode, DDP China, ≥99.70% C, 310-330 mAh/g

High Energy Natural Graphite Anode, DDP China, ≥99.97% C, 360-370 mAh/g

Medium Energy Natural Graphite Anode, DDP China, ≥99.95% C, 360-370 mAh/g

Low Energy Natural Graphite Anode, DDP China, ≥99.90% C, 345-360 mAh/g

Electrolyte

LiPF6 EXW China (99.95%)

As a result, Benchmark is seeking feedback on its plans to modify these grades and public consultation for this change is now open for 30 days.

Benchmark invites feedback from active market participants by the latest Monday 16 June 2025.

Comments are welcomed via submission to:prices@benchmarkminerals.com

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