LME to launch lithium contract to help market hedge risks
Published: Wednesday, 14 July 2021
The London Metal Exchange will launch a new lithium futures contract on Monday July 19, settled against Fastmarkets’ assessment for battery-grade lithium hydroxide. The contract will help cater to a growing need among original equipment manufacturers (OEMs), improving risk management across the supply chain, experts said.
Antonio Masiero, the LME’s product development
manager, confirmed the launch during a webinar titled "LME and
Fastmarkets: Spotlight on Lithium" on Wednesday July 14.
"We started from lithium hydroxide," Masiero said,
"and I am sure it will not be the last lithium contract that
the LME launches."