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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.
London Metal Exchange moves further towards launch of lithium contract
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