DeterminingthePriceofMineralsAtransferpricingframeworkforlithiumLITHIUM©IISD/OECD,2024.ThispublicationislicensedunderaCreativeCommonsAttribution4.0licence(CC-BY4.0).NothinginthislicenseshallbeconstruedasawaiveroftheprivilegesandimmunitiesthattheOECDenjoysasaninternationalorganisation.ThisworkispublishedundertheresponsibilityofIISDandtheSecretary-GeneraloftheOECD.TheopinionsexpressedandargumentsemployedhereindonotnecessarilyreflecttheofficialviewsoftheMembercountriesoftheOECDortheIGF.ThenamesandrepresentationofcountriesandterritoriesusedinthisjointpublicationfollowthepracticeoftheOECD.Thisdocument,aswellasanydataandmapincludedhereinarewithoutprejudicetothestatusoforsovereigntyoveranyterritory,tothedelimitationofinternationalfrontiersandboundariesandtothenameofanyterritory,cityorarea.ThispracticenotehasbeenpreparedunderaprogramofcooperationbetweentheOrganisationforEconomicCo-operationandDevelopment(OECD)CentreforTaxPolicyandAdministrationSecretariatandtheIntergovernmentalForumonMining,Minerals,MetalsandSustainableDevelopment(IGF)aspartofawiderefforttoaddressthechallengesdevelopingcountriesarefacinginraisingrevenuefromtheirminingsectors,particularlyonthetopicofmineralpricing.ItcomplementsactionbythePlatformforCollaborationonTaxandotherstoproducepracticenotesontop-prioritytaxissuesfacingdevelopingcountries.TheOECD’sworkonthispublicationwasco-fundedbythegovernmentsofGermany,Ireland,Japan,Luxembourg,theNetherlands,Norway,Spain,Sweden,Switzerland,theUnitedKingdom,andtheEuropeanUnion.TheIGF’sworkonthispublicationwasfundedbytheGovernmentoftheUnitedKingdom’sForeign,CommonwealthandDevelopmentOffice(FCDO).ItscontentsarethesoleresponsibilityoftheIGFandOECDanddonotnecessarilyreflecttheviewsofthegovernmentsfundingthepublicationortheEuropeanUnion.ABOUTTHEAUTHORSJaquelineTaquiri,PolicyAdvisor,TaxandExtractiveIndustriesatIGFThomasLassourd,SeniorPolicyAdvisor,TaxandExtractiveIndustriesatIGFAndrewViola,SeniorAdvisor,TransferPricingandExtractiveLeadattheOECDACKNOWLEDGEMENTSTheauthorswouldliketothankDanielJiménez,AlejandroEcheverria,andMartinSáezfromiLiMarkets;theGovernmentofArgentina;andprice-reportingagenciesArgusMedia,AsianMetals,BenchmarkMineralIntelligence,Fastmarkets,ShanghaiMetalMarket,andS&PGlobalCommodityInsightsfortheircontributionstotheresearch.OECD:https://www.oecd.org/en/about/programmes/beps-in-mining.htmlIGF:www.igfmining.org/financial-benefits/IISDHEADOFFICE111LombardAvenueSuite325Winnipeg,ManitobaCanadaR3B0T4IISD.orgX-TWITTER@IISD_newsIGF/IISDOTTAWAOFFICE123SlaterStreetSuite1001Ottawa,OntarioCanadaK1P5G4IGFMining.orgX-TWITTER@IGFMiningOECDHEADOFFICE2,rueAndréPascal75775ParisCedex16FranceOECD.orgX-TWITTER@OECDiiiDeterminingthePriceofMinerals:AtransferpricingframeworkforlithiumTABLEOFCONTENTSIntroduction..........................................................................................................................................................1AboutThisSchedule.........................................................................................................................................................................................1Framework:Usingthecomparableuncontrolledpricemethodtodeterminethepriceofmineralssold..........................................................................................................................................