As far as the press, (below – mckinsey - 2018) is concerned, lithium is already considered as a commodity.
However,
Rather being parted or described simply as:
Lithium Carbonate
Or
Lithium Hydroxide
There has been further work by the markets to distinguish both the grades and impurities from supplies, (Below – Fastmarkets 2020)
This may give more accuracy to the buyers and the appropriate recognition to the suppliers as well a perspective to potential investors.
Reference –
Mckinsey. (2018) Lithium and cobalt: A tale of two commodities.
https://www.mckinsey.com/industries/metals-and-mining/our-insights/lithium-and-cobalt-a-tale-of-two-commodities#
Fastmarkets. (29-09-2020) PRICING NOTICE
https://www.indmin.com/Article/3953...-discontinuation-of-two-spodumene-prices.html