CME’s lithium contract starts with 5 tonnes traded on first day
Published: Tuesday, 04 May 2021
The CME Group’s cash-settled lithium futures contract, which is settled against Fastmarkets’ assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea, was traded for the first time on Monday May 3.
A total of five tonnes was traded at $14.25 per kg on
Monday, the day the contract was launched, for
delivery in June 2021, according to the CME.
Fastmarkets’ latest assessment of the lithium
hydroxide monohydrate, 56.5% LiOH.H2O min, battery grade, spot
price, cif China, Japan...