The London Metal Exchange has partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market. Continued adoption of reference pricing across the industry has paved the way for the upcoming launch of an LME lithium futures contract – LME Lithium Hydroxide CIF (Fastmarkets MB) – in summer 2021.
We have worked closely with the lithium industry to develop 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 will allow stakeholders throughout the lithium supply chain - from the source to the end user - to mitigate against price volatility. Read more about the specifications of our new contract below.
To discover more about Fastmarkets’ lithium pricing specifications, visit their methodology page.
The weekly midpoint prices for Fastmarkets MB's key assessments for lithium hydroxide are published on this page each Friday.
We've established the LME Lithium Committee, which is an important advisory body including key participants from across the lithium industry. Find out more here.
|Date||Price (US$ per kilogram)|
|10 June 2021||13.75|
|03 June 2021||13.75|
|27 May 2021||13.25|
|20 May 2021||13.25|
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.
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