As far as the press, (below – mckinsey - 2018) is concerned,...

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