London Metal Exchange Lithium
Each lme tradeable contract is likewise governed by rules covering but not limited to prompt dates settlement terms traded and cleared currencies and minimum tick size.
London metal exchange lithium. The london metal exchange is the world centre for industrial metals trading. Unprecedented lithium price volatility driven particularly by ev battery demand has significantly increased market need for effective pricing and price risk management tools. The prices discovered on our three trading platforms are used as the global reference price and both the metal and investment communities use the lme to transfer or take on risk 24 hours a day. Sign up for a four week free trial to assess the value of the application for your business here.
Continued adoption of reference pricing across the industry will pave the way for the launch of an lme lithium futures contract. The exchange which sets the global price for metals such as copper. The london metal exchange lme is considering introducing a lithium contract as demand for the metal continues to surge the financial times reported on wednesday august 30. The london metal exchange has asked companies that assess prices of battery grade lithium to submit proposals to supply a reference for the cash settled contracts it plans to launch next year the.
Lmelive is the lme s own data application providing customers with key lme pricing information and tools for metals traded on the london metal exchange in addition to lbma platinum and palladium auction pricing. Lme aluminium contract specifications. Every metal traded on the lme must conform to strict specifications regarding quality lot size and shape. The london metal exchange lme is partnering with fastmarkets to develop the reference price for its planned lithium futures contract which will help analysts and executives to get a full sense of the global market for the key ingredient in the making of the batteries that power electric vehicles evs.
The london metal exchange lme is working closely with the global lithium industry to discuss their needs for transparent and robust pricing solutions. Participants can trade one of a number metals using using futures options tapos monthly average futures and lmeminis.