Lincoln Minerals Signs Agreement to Start Spot Graphite Trading Platform

Lincoln Minerals Ltd. (ASX:LML) announced yesterday that it has signed a cooperation agreement aimed at launching a platform for the spot trading of graphite in China. Other signatories include a group of local governments and private enterprises.

As quoted in the press release:

Key signatories to the cooperation agreement are the governments of Luobei County and Pingdu (two of China’s foremost graphite mining regions), three major Hi-tech graphite enterprises, Australian explorer Lincoln Minerals Limited and Hong Kong-headquartered Matrass Mining Group.

The agreement, of the Qingdao International Graphite Exchange project, provides for the parties to work together on launching a graphite spot trading platform and develop applications for graphene. It is a major project in the Qingdao High-tech Development Zone looking at energy saving and new materials.

It is proposed that Lincoln will promote its graphite and related products through the Qingdao International Graphite Exchange to the rest of the world.

Click here to read the full Lincoln Minerals Ltd. (ASX:LML) press release.