Benchmark proudly announces its unprecedented achievement as the world’s only Price Reporting Agency (PRA) for lithium and electric vehicle (EV) battery materials to set Type 2 IOSCO standards across the board. This milestone reinforces Benchmark’s commitment to transparency, accuracy and reliability in battery raw material pricing and market intelligence.
Achieving Type 2 IOSCO standards, as outlined by the International Organization of Securities Commissions, signifies Benchmark’s dedication to adhering to the highest levels of financial market integrity and operational excellence. As such, Benchmark’s price data is trusted to settle prices for supply contracts across the lithium ion value chain.
Enhancing Market Confidence
This achievement is not only a testament to Benchmark’s rigorous methodology and independent data collection processes but also an essential development for the global market of battery materials. As demand for lithium and other battery materials continues to surge, Benchmark’s adherence to IOSCO standards offers a foundation of reliability for industry stakeholders.
“Achieving IOSCO Type 2 standardisation is a significant step forward for our industry,” said Daniel Fletcher-Manuel, Director of Prices & Data at Benchmark. “It underscores our dedication to providing the highest level of service and accuracy, helping drive the energy transition with dependable market intelligence. Our stakeholders can now make more informed decisions backed by the most credible data available.”
Impact on the Energy Transition
Benchmark’s role in setting these new standards is pivotal in supporting the broader energy transition. With the global shift towards renewable energy and the growing adoption of electric vehicles, accurate and reliable market intelligence on lithium and other battery materials is crucial. Benchmark’s data and insights facilitate strategic planning and investment, ensuring a secure and sustainable supply chain for these critical resources.
A Commitment to Excellence
Benchmark’s commitment to excellence is reflected in its comprehensive approach to market analysis. The company employs a robust framework for data verification, ensuring that its price assessments and market reports are both accurate and actionable. This meticulous attention to detail positions Benchmark as a leader in the field, providing unparalleled insights into the rapidly evolving landscape of battery materials.
Looking Ahead
As Benchmark continues to innovate and lead in the market intelligence space, it remains focused on expanding its services and enhancing its data offerings. The company’s ongoing efforts to meet and exceed industry standards underscore its role as a trusted partner in the global energy transition.
