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Fun fact, there is no spot market for lithium. Lithium is sold on a contract by contract basis and there isn't an equivalent of the London Metal Exchange price.
by duckymcduckface 7y ago
Fun fact, there is no spot market for lithium. Lithium is sold on a contract by contract basis and there isn't an equivalent of the London Metal Exchange price.
- intrasight 7y agoAny idea why that is?
- rtkwe 7y agoProbably because most uses of lithium are heavily processed and it's not particularly useful or safe in it's raw form, so if you're going to use it you're more likely to need an oxide or something instead of the raw metal.
- duckymcduckface 7y agoPredominantly market size, it was considered a speciality metal and we didn't need nearly as much of it in the past. More on the lines of going to a specialty store than Walmart so you'd either go to a broker to get what you need or buy it directly from a mine if you needed a very large supply.