CME Group To Launch Lithium Carbonate Futures As Electric Vehicle Demand Surges
Portfolio Pulse from Happy Mohamed
CME Group announced the launch of a Lithium Carbonate futures contract on July 17, 2023, pending regulatory reviews. The contract will be financially-settled based on Fastmarkets' battery-grade Lithium Carbonate assessment and will complement CME Group's existing Lithium Hydroxide futures.
June 20, 2023 | 1:07 pm
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CME Group's launch of a Lithium Carbonate futures contract may attract more market participants and increase trading volume in the battery metals space.
The launch of the Lithium Carbonate futures contract will provide market participants with more tools to manage price risk across raw battery materials. This may attract more participants and increase trading volume in the battery metals space, which could positively impact CME Group's revenues.
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