Wednesday June 21 2023

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: US

Link: https://tinyurl.com/ysu9k52r




The Chicago Mercantile Exchange (CME) Group announced that it will launch a Lithium Carbonate futures contract on July 17th, 2023, pending all relevant regulatory reviews.

Lithium Carbonate futures are complementary to CME Group’s Lithium Hydroxide CIF CJK (Fastmarkets) futures and will help establish a forward curve for Lithium Carbonate, offering market participants more transparency and choice for their different battery chemistry preferences.

CME Group offers risk management products across a wide range of electric vehicle components, including battery metals, Copper, Silver, Aluminum and Steel. These products continue to grow along with Cobalt and Lithium:

  • Copper futures and options volume year-to-date is up 38%
  • Aluminum futures volume year-to-date is up 305%
  • Silver futures and options volume year-to-date is up 15%
  • Steel futures and options volume year-to-date is up 28%

Lithium Carbonate futures will be listed by and subject to the rules of COMEX.

Click on the above link for further information