READ: The use cases for European Steel
CME Group introduces the first electronic auction of aluminum. The Aluminum Auction supports established aluminum premium markets and provides market participants the ability to anonymously transact physical material in the spot market via their clearing member.
The Lithium Hydroxide (Fastmarkets) futures contract is financially settled based on the monthly arithmetic average of an assessment published by Fastmarkets each Thursday of the contract month.
The price assessment captures the spot price of battery-grade lithium hydroxide priced CIF China, Japan, and South Korea.
This product is quoted in US dollars per kilogram and has a contract size of 1,000 kilograms, equivalent to one metric ton.
Special Executive Report (SER)
* Pending CFTC regulatory review
The role of copper in the push for a green future should not be underestimated. Not only is copper used within vehicle production but is also intrinsic in the various elements of electric vehicle infrastructure.
From copper to cobalt, this article looks at the different metals in electric vehicle production and how CME Group's suite of tools can help to hedge price exposure and plan for market fluctuations.
Despite the negative impact of COVID-19 on the auto sector, the industry’s demand for copper might be stronger than automotive sales data alone suggests.
Data as of March 31, 2021, unless otherwise specified.
View the current version and an archive of the Metals Update online at: cmegroup.com/education/metals-update.html.