London Metal Exchange moves further towards launch of lithium contract
Updated : July 18, 2018 10:06 PM IST
Interest in battery metals such as cobalt, nickel and lithium has soared over the past year on the automotive industry's ambitious plans to produce electric cars and cut noxious fumes from vehicles powered by fossil fuels.
The Request for Proposal (RFP) sent out on Monday to firms that collect and publish prices of lithium compounds, including lithium carbonate and hydroxide, asks for a response by Sept. 17.
The exchange is planning to launch a suite of contracts including lithium, hot rolled coil steel and alumina next year.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more