China's inaugural lithium futures didn't spark the expected fire. The first trading day saw lithium carbonate prices plunge below the base settlement price on Guangzhou Futures Exchange.
China’s first-ever futures for lithium — an essential ingredient for electric vehicle batteries — got off to a rocky start in their first day of trading.
Spot prices of lithium carbonate — a refined form of the metal — have been on a wild ride. They surged to a record in November as a global push toward an electrified transport fleet fired up consumption, before plunging this year as supply pressures eased.
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