Benchmark opens annual public consultation for comment on its market-leading price assessment methodologies

Following the continued evolution of the lithium ion battery supply chain, and as part of its rolling methodology review process, Benchmark Mineral Intelligence announces the opening of the 2025 annual public consultation period, for comment on Benchmark’s market-leading price assessment methodologies for lithium, nickel, cobalt, natural graphite, synthetic graphite, anode, cathode, black mass and rare earths.

This annual consultation period allows stakeholders in the lithium ion battery supply chain and all members of the public to directly comment and give feedback on Benchmark’s mineral-specific price methodologies, the basis for its market-leading Price Assessments.

You can find the latest updated versions of Benchmark’s methodologieshere.

The consultation period will begin immediately from publication of this article, extending for no less than 28 days from commencement.

Proposed material changes

Benchmark proposes to update all Price Assessment Methodologies to allow the low price and high price of the range to be independently rolled over in periods of low liquidity or insufficient data points.

Benchmark proposes to update the wording in the Lithium Price Assessment Methodology to clarify that one member of the Senior Price Team not involved with price collection for the grades is required to attend each price setting meeting.

Housekeeping changes

Following the consultation period, Benchmark will make some non-material changes to the Price Assessment Methodologies to ensure phrasing and nomenclature is consistent across documents for different markets.

Benchmark will review all comments and seek to make public all non-confidential responses within 10 working days of the closure of the open season.

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

We ask that you include the following:

Please outline:

a) Full Name

b) Position within your Company

c) Your company

Related Content

Benchmark’s view from the ground: South Korea’s lithium industry

South Korea’s battery industry is one of the most developed and globally integrated ecosystems in the world. Yet beneath the surface of its technical leadership lies a sense of caution: competition from China is intensifying, margins are thin, and chemistry choices are shifting rapidly. A recent visit by Benchmark’s Lithium Product Director, Cameron Perks – […]

Critical Minerals Posco

Indonesia’s new smelter ban targets value‑added growth

Indonesia has issued a ban on the issuance of new smelter permits for nickel matte, mixed hydroxide precipitate (MHP), and nickel pig iron (NPI), in a bid to curb overcapacity and incentivise value‑added investment in the battery supply chain. The policy marks the latest chapter in the Indonesian government’s strategic pivot in its nickel industrialisation […]

Critical Minerals Indonesia

Benchmark expands rare earth coverage with the launch of new metal price assessments

Benchmark Mineral Intelligence is pleased to announce the addition of rare earth metal prices to the monthly Benchmark Rare Earths Price Assessment. Publication of these new prices will begin 31October 2025. Benchmark launches rare earth metal prices Benchmark is pleased to announce the launch of three new DDP China metal price assessment grades: These new assessments will be […]

Critical Minerals Announcement

India looks to tighten black mass exports as it funds domestic refining capabilities

The Indian government has acknowledged that black mass exporters are circumventing hazardous waste export rules through the use of unrelated HS codes. Under current regulation, black mass can only be exported from India under a certain HS code once the exporting company has received an export control licence and further permissions from the Indian government. […]

Batteries Black Mass

Benchmark opens public consultation on changes to its Sustainable Lithium and Sustainable Nickel grades

Benchmark Mineral Intelligence announced today that it has started a formal consultation on changes to the sustainable lithium and sustainable nickel grades in its Lithium Price Assessment and Nickel Price Assessment Methodologies. Benchmark proposes to change the frequency of updates to its list of eligible producers, whose material can contribute to these grades, from quarterly […]

Critical Minerals Announcement

Infographic: The last 30 years of rare earths mining

Global mined rare earth supply in 2024 was six times higher than in 1994, according to an analysis by Benchmark’s Rare Earths Forecast and the United States Geological Survey. Back then, China and the US constituted the majority of supply. However, repeated spills of toxic wastewater into the Mojave National Preserve from the Mountain Pass […]

Critical Minerals Benchmark Mineral Intelligence

Africa’s growing role in global battery supply chains: Key takeaways from Giga Africa 2025

Benchmark hosted its inaugural Giga Africa event in Marrakesh, Morocco in September, featuring delegates from across the battery supply chain. Over the many conversations and discussions held about Africa’s place in the global battery supply chain, several key themes emerged: Explore these topics in the words of Giga Africa’s expert speakers and panellists.

Anode Africa

Europe’s cathode scene set to diversify as supply increases

Europe’s cathode active material supply is set to increase 360% between 2025 and 2030, supported by a growing number of facilities owned by non-European companies. Despite this growth, Benchmark forecasts that European CAM supply will remain lower than the region’s cell production, meaning gigafactories will depend on imports. Europe’s cathode scene today The key European […]

Batteries Asia