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According to a Wall Street Journal article, the "opaque" market for ultra-light metals creates inconveniences for buyers around the world.
"What is the price of lithium?" An article published yesterday in the US Wall Street Journal, which reports on the efforts made by various actors to make transparent the value of metal, vital in the manufacture of batteries, is asked.
"Manufacturers of cars, batteries, smartphones and computers are in the race to ensure the supply of lithium to major producers such as Albermale – the largest lithium volume extraction company – and the Chile's chemical and mining company (SQM), number two, "the publication said, noting that Apple, Samsung and Tesla are among the most remarkable consumers of metal.
"Rising demand has led to efforts to make prices transparent, with several commodity companies, such as Benchmark Mineral Intelligence and Fastmarkets – formerly known as Metal Bulletin – stepping up their efforts to monitor prices. prices of ultra-light metals S & P Global Platts began publishing its 1965 prices this year, "he adds. The newspaper also reports that, as lithium is not listed on the world stock exchange – like gold or silver, buyers have been at a disadvantage in negotiations with producers. The secret, said sources and badysts consulted by the WSJ, is operated by mining companies.
The WSJ contacted Albemarle and SQM; While the former declined to comment, an anonymous spokesman for the latter said that the notion that the company opposes price transparency "is incorrect".
Read the full WSJ article here.
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