• 68
  • 7
  • Favorite

China lithium contract jumps 8% on debut - exchange official

Reuters2021-07-05

July 5 (Reuters) -

* China's first exchange-traded lithium contract, for delivery in October 2021, jumped 8% on its debut on the Wuxi Stainless Steel Exchange on Monday, an official from the bourse said.

* The closing price for battery-grade lithium carbonate was 95 yuan ($14.71) per kg, or 95,000 yuan a tonne, on the first day of trade, up from an opening price of 88 yuan/kg, said Li Jincheng, senior product director at the exchange.

* The launch of Wuxi's contract for lithium, a key ingredient in electric-vehicle batteries, comes as resurgent demand leads major commodity exchanges in the United States and Britain to roll out their own lithium offerings.

* The volume traded on the first day in Wuxi exceeded 70 tonnes of lithium carbonate, Li added, declining to name any of the companies that participated in the trades; Wuxi lithium can be traded on a spot or forward basis.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment7

  • xCoCx
    ·2021-07-06
    Comment please
    Reply
    Report
  • JCBL
    ·2021-07-06
    Battery raw materials will be the future copper...
    Reply
    Report
  • Kimmie165
    ·2021-07-06
    Great ? 
    Reply
    Report
  • Zivcheah
    ·2021-07-05
    Done comment
    Reply
    Report
  • RladPdnjs
    ·2021-07-05
    Please like and comment
    Reply
    Report
    Fold Replies
    • KKSV
      Yeah
      2021-07-05
      Reply
      Report
  • YJ20210401
    ·2021-07-05
    Wowowo
    Reply
    Report
  • RahayuYunus
    ·2021-07-05
    Huhu
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial