CME Group Expands Battery Metals Suite with Launch of Spodumene Futures in October
Portfolio Pulse from Benzinga Newsdesk
CME Group is set to launch Spodumene CIF China Futures on October 28, 2024, expanding its battery metals suite. This move aims to enhance hedging capabilities in the lithium value chain, with support from industry players like Albemarle and Liontown.
September 30, 2024 | 6:42 am
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CME Group is launching Spodumene CIF China Futures, expanding its battery metals suite. This move is expected to enhance hedging capabilities in the lithium value chain, potentially increasing market participation and liquidity.
The launch of Spodumene Futures by CME Group is a strategic expansion of its battery metals suite, which is likely to attract more market participants and increase liquidity. This move aligns with the growing demand for risk management tools in the lithium market.
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