As set out in the LME Strategic Pathway in September 2017 we are actively exploring new risk-management tools for electric vehicle battery (EV) materials.
We are working closely with key market participants along the value chain to identify and serve the industry’s evolving risk management requirements. Some key battery metals such as nickel, copper, cobalt and aluminium are already well established on the LME. Our aim is to launch new futures contracts covering one, some or all of these EV materials: lithium, cobalt, nickel sulphate, graphite and manganese.
With over 140 years at the heart of global metals markets, the LME is uniquely placed to provide effective risk-management solutions for the whole EV value chain, from miners through to the end users. As an independent infrastructure provider servicing the global industry the LME is able to help identify, shape and consolidate the divergent and often competing views of the EV market.
We have also put together an official EV Metals Advisory Group with key industry participants to help shape the future of the market, and we invite interested parties to get in touch.
As always, the LME is working closely with the industry to design effective products to best meet market requirements.
For our proposed lithium contract, we are seeking feedback on the three shortlisted Price Reporting Agencies (PRAs) who presented at our EV Metals Advisory Group meeting recently. The PRAs are Argus, Benchmark Minerals, and Fastmarkets.
You can watch each of the presentations and download the accompanying slides, and we welcome your comments. There are some broad areas for which we’re seeking feedback, as well as any additional detail you’d like to provide:
Please send your comments to our EV Metals team.