From AFR

Major lithium miners push for a more reliable spot price

Australia’s leading lithium miners want to establish a “coalition of the willing” to set up a trading exchange in a bid to stop price volatility and make the commodity more attractive to commercial bank financing.

Huge demand from batteries and electric vehicles has turbocharged the nascent industry in Australia, but the structure of the market – where many investors feed mine output to their refineries – means very little lithium is traded on the spot market.