Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining.
Contract code | LH | ||
Contract type | Futures | ||
Deliver type | Cash settled | ||
Lot size | 1 metric tonne | ||
Contract period |
Monthly out to 15 months | ||
Price quotation | US dollars per tonne | ||
Clearable currency | US dollars | ||
Minimum price fluctuation (tick size) per tonne | Outright | Carries | |
LMEselect | $10.00 | $10.00 | |
Inter-office | $0.01 | $0.01 | |
Termination of trading | Last business day of the contract month until 16:30 London time | ||
Daily settlement procedure | LME Market Operations will calculate daily settlement values based on its published procedure | ||
Final settlement procedure1 | Final settlement, following termination of the trading for a contract month, will be based on the reported arithmetic monthly average of Fastmarkets’ Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg price, which is available from Fastmarkets from 16.30 London time on the last trading day. |
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Trading venues | LMEselect and inter-office telephone | ||
Trading hours | LMEselect | 01:00 - 19:00 London time | |
Inter-office | 24 hours a day | ||
Margining | Realised variation margins applied |
1In certain circumstances, the cash-settled futures Index that is used as the Final Settlement Price for this cash-settled future may be known before the last trading date/time. In these circumstances, it will be possible for market participants to enter bids and offers, and to trade, in this cash-settled future on LMEselect and in the inter-office market on the basis of a known price. The Exchange shall not accept any liability for any losses that a market participant may incur as a result of trading activity conducted in these circumstances.
More information
For full contract specification details, please refer to the LME Rulebook and our disclaimer page:
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