On February 26, 2024 the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) released the public comments they received on a draft toolkit to support developing countries in addressing BEPS risks when pricing minerals (lithium).
On November 6, 2023 the document; “Determining the Price of Minerals: Application to Lithium” was released for public consultation. The document provides a framework to identify the primary economic factors that can influence the pricing of minerals ("mineral pricing framework") using transfer pricing principles. It shows how the framework can be applied to lithium. Further toolkits applying the framework to other commodities will be released as they are developed.
The public comments as published by the OECD and IGF can be found here. (Zip file, 11MB)
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