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Montevideo, September 28th 2023 - 21:40 UTC

Tag: Lithium trade

  • Friday, October 12th 2018 - 09:05 UTC

    Chile wants lithium traded on the London Metals Exchange

    LME asked companies that assess prices of battery-grade lithium to submit proposals to supply a reference for cash-settled contracts it plans to launch

    Chile has called for lithium to be traded on the London Metals Exchange to provide greater “clarity” about its value, mining minister Baldo Prokurica said. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this lack of clarity has a chilling effect on potential new investment in the market since the metal’s value cannot be precisely measured.