S&P Global Commodity Insights Launches World's First Daily Recycled Lithium Carbonate Price Assessments
Rhea-AI Summary
S&P Global Commodity Insights has launched the world's first daily recycled lithium carbonate price assessments, covering spot market prices in China and North Asia. This launch addresses the growing demand for pricing transparency in the recycled battery supply chain. The assessment reflects battery-grade quality lithium carbonate at 99.5% purity. As global sustainability efforts intensify, the recycled lithium market is poised for significant growth, with end-of-life battery availability in China expected to reach 438 GWh by 2032, a compound annual growth rate of over 44%. The move complements S&P's existing suite of battery metals assessments and aims to offer comprehensive pricing solutions from upstream spodumene concentrate to downstream lithium chemicals.
Positive
- Launches world's first daily recycled lithium carbonate price assessments.
- Addresses growing demand for pricing transparency in recycled battery supply chain.
- Anticipates significant growth with 438 GWh end-of-life battery availability in China by 2032.
- Complements existing suite of battery metals assessments in Asia, Europe, and the U.S.
Negative
- None.
News Market Reaction – SPGI
On the day this news was published, SPGI gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Complements Existing Suite of Asia,
As global attention shifts towards sustainability and energy transition, S&P Global Commodity Insights anticipates a substantial rise in the role of recycled lithium within the battery material supply chain well into the future.
The introduction of new price assessments of recycled lithium carbonate delivered duty-paid (DDP) in
Keith Tan, Associate Regional Pricing Director, Asia Metals at S&P Global Commodity Insights commented, "The world's first price assessment for recycled lithium completes Platts pricing offerings for the full lithium chain, from upstream spodumene concentrate to downstream lithium chemicals and circling back to upstream via black mass scrap and recycled origin material. Demand for recycled lithium is expected to increase substantially as more batteries reach end of life in the next decade. For US and EMEA which are budding markets in terms of battery recycling, visibility into
Global battery electric vehicles in operation will reach 171 million units in 2032, according to S&P Global Mobility. The expected increase in global EV sales will put huge pressure on the supply chain, especially on critical battery raw materials such as lithium. Recycled lithium stands in as a sustainable and cost-effective lithium supply to manufacture EV batteries. By 2032, S&P Global Mobility estimates around 900 GWh of end-of-life batteries to be available for recycling. That is equivalent to batteries for 12 million electric vehicles.
"From waste to wattage – recycled lithium reduces environmental impact while championing closed-loop systems, providing a sustainable solution to meet the growing demand for battery materials," added Leah Chen, Team Lead, Battery Metals, S&P Global Commodity Insights.
Platts recycled lithium carbonate DDP assessments reflect standard battery grade quality at
Click to view subscriber note and to access details on Platts assessments methodology.
For more information, the Platts recycled lithium carbonate DDP and CIF assessments are available via S&P Global Commodity Insights products and services, including Platts Nonferrous Metals Alert, Platts Metals Daily, Platts Connect, Platts Market Center, and the Platts price database.
Media Contacts:
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@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 is the significance of S&P Global's new price assessments for recycled lithium carbonate?
When did S&P Global launch the recycled lithium carbonate price assessments?
What regions are covered by the new recycled lithium carbonate price assessments?
What is the projected growth for end-of-life battery availability in China by 2032?
How does the new price assessment complement S&P Global's existing services?
What is the quality specification for the recycled lithium carbonate assessed by S&P Global?
