Take charge of price risks associated with manufacturing lithium-ion batteries

The rapid growth of electric vehicles and large-scale battery storage applications for electronic devices is increasing Lithium demand as well as price risk. Lithium futures and options offer price transparency and efficient risk management. They are financially settled each business day of the contract month, based on monthly average of assessments published by Fastmarkets, a leading commodities benchmark data provider.

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Features and benefits

Price transparency

A centralized marketplace provides better opportunity for price discovery and transparency.

Flexible trade execution

Hedge using a centrally cleared instrument, mitigating counterparty credit risk.

More access

Trade from anywhere in the world via the electronic CME Globex platform. Get cobalt market access without having to manage physical delivery.

Explore this product in depth

Download the Lithium Trading Grids for CME Direct

  1. Right click on the buttons below
  2. Save the files as an .XML on your computer
  3. In CME Direct, select import view in the main menu
  4. Import the grid into CME Direct

FAQs

It is the assessment for “Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price, US$ per kg CIF China, Japan & South Korea” (code MB-LI-0033). This assessment tracks the price of battery-grade lithium hydroxide in North Asia and is published weekly. More information about the Fastmarkets methodology is available here.


The final settlement price will be equal to the arithmetic average of all available weekly price assessments published for “Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price, US$ per kg CIF China, Japan & South Korea” in $/kilogram by Fastmarkets during the contract month.


Contact your clearing member or metals@cmegroup.com to get more information on getting set up to trade the contract on CME Globex and/or as a block trade on CME ClearPort.


There are minimum quantity and reporting time requirements for Cobalt Metal block trades. The minimum block trade size is two (2) contracts, and trades need to be reported by the broker within 15 minutes of execution.


These contracts are subject to the rules and regulations of COMEX.

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