Euromoney Institutional InvestorPLC Fastmarkets partners with London Metal Exchange
June 10 2019 - 11:38AM
RNS Non-Regulatory
TIDMERM
Euromoney Institutional InvestorPLC
10 June 2019
10 June 2019
EUROMONEY INSTITUTIONAL INVESTOR PLC
Fastmarkets partners with the London Metal Exchange to develop
lithium price benchmark
Euromoney Institutional Investor PLC ("Euromoney"), the global
B2B information business, providing price discovery, essential
market intelligence and events, announces that Fastmarkets has been
selected by the London Metal Exchange (LME) as its partner to
develop the lithium price benchmark.
This global strategic partnership will develop a definitive
roadmap aimed at providing a pricing mechanism for lithium that can
be utilized throughout the supply chain and will support the
development of risk-management tools for the industry.
For more than 30 years, Fastmarkets - a leading source of
pricing information for the global commodity markets - has been
bringing transparency to the lithium industry via independent and
reflective prices. Fastmarkets is committed to developing
market-reflective pricing in a rapidly evolving industry in
conjunction with supply chain participants. Fastmarkets already
provides the global benchmark for the cobalt market - another
important battery raw material.
Fastmarkets Chief Executive Raju Daswani said:
"This is an exciting partnership that further reinforces
Fastmarkets' relationship with the LME. Lithium is a critical
material to the rapidly growing battery market, which will drive
the future expansion of the electric vehicle industry - and we are
proud to have become the first price reporting agency to have
achieved Type 1 IOSCO assurance for its lithium prices."
A spokesperson for the London Metal Exchange said:
"The LME, on the basis of market views, selected Fastmarkets as
its pricing partner due to their lithium prices being widely used
across the industry combined with their leading pricing
capabilities."
Ends
For further information, please contact:
Euromoney Institutional Investor PLC
Wendy Pallot, Chief Financial Officer +44 (0)20 7779
wendy.pallot@euromoneyplc.com 8845
Sarah Cooke, Investor Relations +44 (0) 20 7779
sarah.cooke@euromoneyplc.com 7363
FTI Consulting
Charles Palmer / Jamie Ricketts / Amy Hurnell
/ Jamille Smith +44 (0)20 3727
euromoney@fticonsulting.com 1000
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information to global and specialist markets. Euromoney
provides price discovery, market intelligence and events across our
segments. Euromoney is listed on the London Stock Exchange and is a
member of the FTSE 250 share index.
www.euromoneyplc.com
About Fastmarkets
Fastmarkets is the leading price reporting, analytics and events
organization for the global metals, mining and forest products
markets. Fastmarkets' core activity in pricing drives transactions
in commodities markets around the world and is complemented by
news, industry data, analysis, conferences and insight services.
Fastmarkets includes brands such as Fastmarkets MB, Fastmarkets AMM
(previously known as Metal Bulletin and American Metal Market
respectively), Fastmarkets RISI and Fastmarkets FOEX. Its team of
more than 400 people are located in 14 global offices including
London, Boston, New York, Shanghai, Beijing, Singapore, Brussels
and São Paulo.
Fastmarkets is part of Euromoney Institutional Investor PLC
(LSE:ERM), a listed company on the London Stock Exchange. Euromoney
is a leading international business-to-business information group
focused primarily on the global commodities, banking and asset
management markets.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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