#LME considers starting #Lithium contract to tap #ElectricCar boom

Image result for Lithium in south america

The #London Metal Exchange is considering introducing a contract for #Lithium, a mineral that is in heavy demand because of its use in electric cars, as the 140-year old company tries to reverse a fall in volumes. The exchange, which sets the global price for metals such as #Copper, #Aluminium and #Nickel, has been looking at the feasibility of trading the metal, which is extracted in #SouthAmerica and #Australia and mostly sold in a white powder to battery makers.

Read more at: https://www.ft.com/content/24c36964-89af-11e7-bf50-e1c239b45787

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