Lithium – majors up again in US…the big spike in China futures day before ( after we closed) supposedly due to this ‘rumour’.
there has been concerns n quality for delivery mid January. They spiked from down 5% to up 11% if you remmber.
Despite the denial below…those futures were up 5% again yesterday…mmm ( see snap of rice below)GuangzhouFutures Exchange Denies Only 30% of Lithium Carbonate Futures Contracts MeetStandards
The Guangzhou Futures Exchange reportedly refuteda rumor claiming the passing rate of its lithium carbonate futures contractswas only
30 percent.
Saying that lithium carbonate futures’ passing rate is only 30 percent is far
from the truth, the GFE told Futures Daily.
Lithium - px/etf/peers
1 day %
5 day %
1 Albemarle
6.0
4.5%
16.4%
2 SQM
$57.0
4.9%
9.8%
LRS General Discussion, page-15645
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