#LME poised to join #ElectricCar revolution with #Cobalt sulphate contract

Image result for Electric car and Cobalt

The #London Metal Exchange’s new #Cobalt contract is likely to be for a chemical compound vital for the manufacture of the batteries used in the fast-growing electric vehicle sector, its chief executive Matt Chamberlain told Reuters on Tuesday.

The exchange is planning to launch a suite of contracts including cash-settled cobalt sulphate, lithium, hot rolled coil steel, alumina and aluminum contracts in one go in 18 months to two years.

Read more at: https://www.reuters.com/article/us-commodities-summit-lme-cobalt/lme-poised-to-join-electric-car-revolution-with-cobalt-sulphate-contract-idUSKBN1CF27H

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