China's Wuxi Stainless Steel Exchange will launch trading of its new battery-grade lithium carbonate contract on Monday July 5. The contract will be the first of its kind to be launched by a Chinese exchange for the battery raw material, the exchange has announced.
The front-month Wuxi contract for physically delivered lithium carbonate will be October 2021, putting the guiding opening price at 88 yuan ($13.60) per kg, or 88,000 yuan ($13,599) per tonne, according to the statement from the exchange on July 2.
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