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.

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.

Lithium joins fellow cash-settled contracts, LME Molybdenum (Platts) and LME Cobalt (Fastmarkets MB) (launched in 2019) and physically-settled LME Cobalt in our EV offering.

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.

LME Lithium Committee

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)

Fastmarkets blog - What does it mean to be a 'data submitter' and contribute to Fastmarkets' price discovery?

Useful resources

Fastmarkets - Charging up: lithium prices you can rely on (PDF)

LME News - LME progresses plan to provide pricing solutions for the lithium industry

Fastmarkets news - Fastmarkets' lithium partnership with the LME - FAQs

Fastmarkets blog - Why index pricing is crucial for the lithium supply chain

Fastmarkets news - A message from Raju Daswani, Fastmarkets CEO, on Fastmarkets lithium partnership with the LME

Fastmarkets news - Fastmarkets partners with the LME to develop lithium price benchmark

Fastmarkets webinar - What's driving the battery raw materials markets?



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