CME Group to Expand Battery Metals Suite with Launch of Spodumene Futures on October 28 By Investing.com

chicago, September 30, 2024 /PRNewswire/ — CME Group, the world’s leading financial derivatives market, today announced that it will expand its battery metals portfolio and launch Spodumene CIF China (Fast markets) Futures contracts on October 28, 2024awaiting regulatory review.

“Our range of cobalt and lithium products play an important role in the rapidly evolving battery metals space, with industry adoption accelerating,” he said. Jane HenningGlobal Head of Metals at cm group. “With this launch of spodumene futures, we will expand hedging capabilities, making it easier for the market to manage price differentials across products in the lithium value chain.”

“ Albemarle (NYSE:) welcomes the launch of CME’s (NASDAQ:) suite of spodumene futures contracts, which complement the evolving risk management needs of the lithium market. Peter Hannadirector of global product pricing at Albemarle. “We recognize that trust in actual prices underpins confidence in futures trading, and we are proud that our bidding event price discovery initiative has added valuable transparency to the spot market. The combination of physical pricing mechanisms and liquid, robust futures can help our industry grow.” ”

“Developing a liquid and transparent lithium market is essential for all players in the battery value chain, and CME Group continues to work towards this goal,” he said. Grant DonaldCommercial Director of Liontown. “The forward curve of key materials across the entire supply chain will be essential to effectively manage price risks for the rapidly growing clean energy market.”

“The launch of the spodumene futures contract with CME Group represents an important step forward for the lithium market,” he said. Raju DaswaniCEO of Fast markets. “With this contract, the industry gains a tool to manage price risks associated with the price of spodumene, conversion margins, as well as a look at the lithium conversion spread itself. We believe this will contribute positively to liquidity across the entirety of battery ore. Material futures are complex,” he added.

cm group It is the leading market for battery metals risk management. Open interest in lithium hydroxide futures exceeded 30,000 contracts for the first time this year and now extends through 2026. Open interest in cobalt futures also remains strong and extends through 2028, providing greater fundamental price transparency along the curve.

Spodumene CIF China (Fast markets) Futures contracts will be financially settled and will be listed and subject to COMEX rules. Fast markets It is one of the most trusted commodity price reporting agencies (PRA) in the agriculture, forest products, metals, mining and new generation energy markets. For more information, please visit here.

As the world’s leading derivatives market, cm group (www.cmegroup.com) enables clients to trade futures, options, cash, and OTC markets, optimize portfolios, and analyze data “enabling market participants around the world to efficiently manage risks and seize opportunities. cm group The exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indices, forex, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and forex trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing companies, CME Clearing.

cm groupCME globe logo, Chicago Mercantile ExchangeGlobex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade Subordinate City of ChicagoNymex company, New York Mercantile Exchange and ClearPort are trademarks of ClearPort New York Mercantile ExchangeInc. COMEX is a trademark of Commodity Exchange, Inc BrokerTec is a trademark of BrokerTec Brokertech Americas LLC EBS is a trademark of the company EBS GROUP LIMITED. It is a product of Standard & Poor’s Dow Jones Indices LLC (“Standard & Poor’s DJI”). “S&P ®”, “S&P 500 ®”, “SPY ®”, “SPX ®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones ® and DJIA ® are service and/or trademarks of Dow Jones ® and DJIA ® Dow Jones Brands Holdings LLC. These trademarks have been licensed for use by Chicago Commercial Exchange Company S&P 500 Index-based futures are not sponsored, endorsed, marketed or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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