David Paul, Managing Director of VectorVest in the UK joined us to talk through stock picking fundamentals, technical analysis and more. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

LME chooses hydroxide for new lithium contract

Thu, 22nd Oct 2020 14:34

LONDON, Oct 22 (Reuters) - The London Metal Exchange (LME)
has decided on hydroxide for its proposed lithium contract due
to launch in the first half of next year, expanding its suite of
materials relevant for automakers, including copper, cobalt and

Rechargeable batteries used to power electric vehicles can
use lithium carbonate or hydroxide. Lithium hydroxide is often
preferred over carbonate because it allows greater battery
capacity and longer life.

"Lithium underpins the development of the growing electric
vehicle market," said LME Product Development Manager Antonio
Masiero at an LME event on Thursday. "Most market participants
will be able to hedge using the hydroxide contract."

Masiero said that the correlation between weekly lithium
carbonate and hydroxide was very high - above 90% - and that the
exchange might also look at other electric vehicle materials
such as nickel sulphate, graphite and manganese.

Last year the LME chose price-reporting agency Fastmarkets
to provide a reference https://fr.reuters.com/article/us-lme-lithium-fastmarkets-idUSKCN1TB272
price for its planned lithium contract.
(Reporting by Pratima Desai
Editing by David Goodman)

More News

Belfast health trust calls for nursing help as COVID-19 cases rise

LONDON, July 25 (Reuters) - The Belfast Trust, which runs hospitals in the Northern Irish capital, called on nurses to work later on Sunday and overnight to help ease "extreme pressure" at two hospitals because of an increasing number of COVID-19...

Today 17:42

UPDATE 1-UK financial watchdog warns consumers over CoinBurp crypto launch

(Adds further FCA statement in paragraph 2)By Huw JonesLONDON, July 25 (Reuters) - Crypto broker CoinBurp is not fully authorised before Monday's planned launch of its $BURP token and initial exchange offering, Britain's Financial Conduct Authorit...

Today 14:23

UPDATE 1-Canadian union Unifor starts strike at Rio Tinto operations

(Adds statement from Rio Tinto)July 25 (Reuters) - Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia.Unifor issued a 72-hour...

Today 14:19

Some Americans likely to need COVID-19 vaccine booster -Fauci

By Linda SoWASHINGTON, July 25 (Reuters) - Top U.S. infectious disease official Anthony Fauci said on Sunday that Americans who are immune compromised may end up needing COVID-19 vaccine booster shots."Those who are transplant patients, cancer che...

Today 14:16

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.