London Metal Exchange takes aim at booming electric car market with new contracts for battery metals

London Metal Exchange takes aim at booming electric car market with new contracts for battery metals

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/17/lme-takes-aim-at-electric-car-market-new-contracts-for-battery-metals.html

The London Metal Exchange will begin offering contracts in metals used in batteries within 18 months to capture the huge opportunities created by the rise of the electric car, according to its chief.

Demand for metals including lithium, cobalt, nickel, graphite and manganese has surged with the growth in electric vehicles, particularly in China, which has become the largest electric car market worldwide as the government aggressively pushed development to deal with serious pollution problems.