FYI:
Two Lithium Mines in China’s Sichuan Sell for Bumper Prices
(Yicai) Aug. 14 -- Two lithium mines in Sichuan province have been bought for sky-high prices at auction, even though China’s lithium salt prices have been trending downward amid concerns about oversupply.
FYI:
Last month, China’s Guangzhou Futures Exchange launched its first ever lithium carbonate future contracts, making it the fourth exchange worldwide to offer such contracts.
The introduction of these trading instruments is intended to stabilize prices of raw materials to promote the EV industry's sustainable development. But in that short period of time, Guangzhou Futures Exchange's new lithium carbonate business has already gained more market activity than competitors such as the London Metal Exchange and Singapore Exchange, thanks to China’s dominance in the global lithium supply chain.
China is the largest lithium consumer in the world, and is also home to a rich lithium reserve of 17.0 megatons of LCE (China's lepidolite production on a lithium carbonate equivalent), good for 23% of global reserves. However does not meet ESG requirements.
Enjoy your day fellow FIN investors ..
FYI: Two Lithium Mines in China’s Sichuan Sell for Bumper...
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1093285 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 350000 | 1 |
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