The London Metal Exchange will launch a lithium contract based on the monthly average of Fastmarkets' price assessment for lithium hydroxide monohydrate, it said during an online briefing on Thursday October 22 as part of the annual LME Week event.
The contract will use the assessment for lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea. It is planned for launch in the first half of 2021, the LME said, although it would be up to regulators and the lithium committee to assess market readiness.The spot price was most...