July 2021 saw the launch of LME Lithium Hydroxide CIF (Fast Markets MB), the latest in our line of electric vehicle (EV) and minor metals futures.
We partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market and like all our EV trading tools, the lithium hydroxide contract was designed in close consultation with the EV and battery material communities to meet their risk-management needs.
We have developed a contract which will have the longevity to support the rapidly evolving battery materials sector. Fastmarkets has consulted extensively with the physical market to develop clear lithium specifications which can be used as the basis for contractual negotiations.
The new LME battery-grade hydroxide cash-settled futures contract allows stakeholders throughout the lithium supply chain - from the source to the end user - to mitigate against price volatility.
The weekly midpoint prices for Fastmarkets MB's key assessments for lithium hydroxide are published on this page each Friday.
Our cash-settled EV contracts are underpinned by leading and carefully selected index providers, and are tradable out to 15 months on LMEselect or the inter-office market.
LME Lithium Committee
We've established the LME Lithium Committee, which is an important advisory body including key participants from across the lithium industry.
Fastmarkets MB prices assessment specifications
How does Fastmarkets MB use defined pricing procedures combined with an independent market perspective and information direct from the market to produce industry leading price assessments? Find out here.Fastmarkets MB Lithium methodology and price specifications (PDF)
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