The Guangzhou Futures Exchange has officially opened its lithium carbonate futures and options to overseas traders.
The policy, which took effect July 3, applies to contracts for July delivery and beyond. Foreign investors are permitted to use U.S. dollars as margin collateral for trading.
The market opening marks China’s latest effort to solidify its pricing power over a critical battery metal while offering global electric vehicle supply chain participants a new tool to hedge against severe price swings.
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