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I posted this on INR last week. Will be good for the industry as...

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Kevo88

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12/06/19

12:21

Post #: 39018276
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Originally posted by Koi-7: ↑

Here's a glimpse, The London Metal Exchange (LME) is partnering with Fastmarkets to develop the reference price for its planned lithium futures contract, which will help analysts and executives to get a full sense of the global market for the key ingredient in the making of the batteries that power electric vehicles (EVs).Unlike for copper or other metals used in the making of EVs, there currently is no traded price for lithium.“In recent years there has been unprecedented price volatility in the lithium market, driven particularly by explosive electric vehicle (EV) battery demand,” the exchange said.

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I posted this on INR last week. Will be good for the industry as I see this as moving towards a more oil and gas pricing mechanism.
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