China's Lithium Exchange Intervenes Again Amid Tumultuous Price Swings

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Lithium ’s violent price swings have prompted China’s futures exchange to intervene once again to manage market risks. The lithium carbonate contract on the Guangzhou Futures Exchange closed limit-up on Tuesday. Futures have touched their daily limits — whether up or down — on several occasions this month. The bourse has responded to the volatility by allowing more leeway, widening the daily trading band to 11% from 9% as of Wednesday’s settlement.