LME considers starting Lithium contract to tap ElectricCar boom

The London Metal Exchange is considering introducing a contract for Lithium, a mineral that is in heavy demand because of its use in electric cars, as the 140-year old company tries to reverse a fall in volumes. The exchange, which sets the global price for metals such as Copper, Aluminium and Nickel, has been looking at the feasibility of trading the metal, which is extracted in SouthAmerica and Australia and mostly sold in a white powder to battery makers.

Ref: http://nanthavictor.com

Read more from original source: https://www.ft.com/content/24c36964-89af-11e7-bf50-e1c239b45787

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