CME expands lithium futures battle with LME as battery demand soars

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Financial Times 12h ago

CME expands lithium futures battle with LME as battery demand soars - Financial Times

Quick Summary:

Its move marks a new front as the world’s largest commodities exchanges compete to be the main venue for producers and miners to trade battery metals as new technologies like electric vehicles spur long-term demand.

The US group’s move underscores how exchanges are trying to attract more customers, by offering futures that hedge against more stages of the global lithium supply chain.

Prices for lithium chemicals have see-sawed over the past two years, first surging because of electric vehicle demand then crashing because of a glut of lithium production and a slowdown in EV growth.