The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea, was traded for the first time on Monday May 3.
A total of five tonnes was traded at $14.25 per kg on Monday, the day the contract was launched, for delivery in June 2021, according to the CME.Fastmarkets' latest assessment of the lithium hydroxide monohydrate, 56.5% LiOH.H2O min, battery grade, spot price, cif China, Japan &...