While the final price in the trading ring was set at $9,130 a ton, the LME’s external data feed showed a price of $2,130.

Global markets have yet to price in fully the reopening of China and copper exporters are set to benefit from it.

Investors in the small, fast growing market for lithium can be forgiven for feeling whiplash – the battery metal was also the worst performer – by a long shot – for two years since 2013.

The lender may begin to offer to settle its clients’ trades using metal located in Zurich, according to people familiar with the matter.

Once completed, the Guben converter will be the first of its kind in Europe, with expected annual production capacity of 24,000 tonnes.

The Chinese conglomerate is working with Deutsche Bank AG on the potential divestment of the International Gemological Institute.

“We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said.

The explorer, which has so far focused on gold in Ireland, said drilling results show evidence of lithium bearing pegmatites.