Chile studying possible lithium trade on LME

Chile has called for lithium to be traded on the London Metals Exchange to provide greater "clarity" about its value, Mining Minister Baldo Prokurica said on Wednesday.

At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this lack of clarity has a chilling effect on potential new investment in the market since the metal's value cannot be precisely measured.