China’s New Lithium Futures Market Outpacing London Metal Exchange

Last month, China’s Guangzhou Futures Exchange launched its first ever lithium carbonate future contracts, making it the fourth exchange worldwide to offer such contracts. The introduction of these trading instruments is intended to stabilize prices of raw materials to promote the EV industry's sustainable development.

But in that short period of time, Guangzhou Futures Exchange's new lithium carbonate business has already gained more market activity than competitors such as the London Metal Exchange and Singapore Exchange,…