At the LME, our objective is always to support our physical and financial communities with the products and services needed to manage price risk effectively.
We have been working closely with the electric vehicle (EV) and battery industries to identify and develop risk management solutions that are tailored to their requirements.
Some key battery metals such as nickel, cobalt, molybdenum and lead are already well established on the LME. We've introduced new futures contracts to provide further hedging and trading opportunities for battery materials. Our cash-settled contract launched in 2019 and we worked in partnership with Fastmarkets MB again to develop a LME Lithium Hydroxide CIF (Fast Markets MB), contract, which launched in July 2021.
Of course, battery materials are just one part of the EV revolution and the LME is home to many of the metals and materials which underpin it. Almost every industrial metal you can think of is used by the EV industry in some way, from aluminium through to zinc. At the same time, the infrastructure for renewable energy generation and the storage and distribution of that energy will also require significant quantities of metal to support the transition to a more sustainable future.
You can explore the LME's offering for these innovative and fast-growing industries here.
We have worked closely with the EV and battery materials metals markets to create a suite of contracts designed to support your risk management needs.
Powering all our futures
The EV revolution is key to a more sustainable future and we're here to help drive the transition. We have been working closely with the EV and battery industries to identify and develop risk management solutions that are tailored to fit their requirements.
LMEpassport, a key component of the LME’s drive for a more sustainable future, is a new system that does away with paper certificates of analysis and provides the market with a new voluntary register of a metal’s sustainability credentials.Find out more