Lithium miners, including Albemarle Corp, shift to auctions and transparent pricing due to demand and volatility.
Lithium miners shift to auctions and transparent pricing due to unprecedented demand and price volatility. Albemarle Corp, the largest lithium supplier, introduces auctions where buyers bid for cargoes, moving away from long-term contracts. This change mirrors the iron ore industry's transformation, aiming to increase transparency and consistent pricing in the lithium market, essential for the global energy transition.
May 20, 2024
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