Bring it on! sick of reading the SMM Li crap! as this says better transparency.
As a long, I’m invested in our management and project for the long term, will continue to buy and am not concerned if we drop back into the forties heading into June 30th. Irrelevant to me at this stage.
What a breath of fresh air this will be for the Li sector.
SMM always spinning a negative rhetoric, never a mention of steady EV growth or BESS big growth coming.
In June, Benchmark Mineral Intelligence (BMI) is launching new lithium and cobalt futures contracts on the Intercontinental Exchange (ICE. These contracts will utilize BMI's price assessments for lithium carbonate, lithium hydroxide, spodumene concentrate, and cobalt hydroxide. This launch aims to provide a more trusted and transparent platform for lithium trading, enhancing risk management and driving investment in the battery and EV supply chains.
Here's a more detailed breakdown:
BMI and ICE Partnership:
BMI, a leading price reporting agency, has partnered with ICE, one of the world's largest energy exchanges, to develop and launch these futures contracts.
New Instruments:
The contracts will be based on BMI's price assessments, covering lithium carbonate, lithium hydroxide, spodumene concentrate, and cobalt hydroxide, which are crucial materials for lithium-ion batteries.
London Listing:
The contracts will be cash-settled and listed on ICE Futures Europe in London.
Purpose of the Launch:
This partnership aims to bring confidence and transparency to the lithium futures market, providing a platform for market participants to manage price risk and drive investment in the energy transition.
Industry Impact:
This move by BMI and ICE is expected to significantly impact the lithium and cobalt market by providing a more liquid and transparent trading platform.
LTR Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
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