Source: CME Group.
Uncovering Copper options liquidity via RFQ
Podcast series #1: Copper demand dynamics
Podcast series #2: Copper supply
Listen again: European steel webinar
READ: Record prices further enhance adoption of HRC Steel futures
In May 2021, the Exchange adopted responsible sourcing guidelines for physically delivered Silver futures in collaboration with LBMA and for physically delivered Platinum futures and Palladium futures in collaboration with LPPM.
The guidance is based on industry standards set by the Organization for Economic Cooperation and
Six months after launch, trading in COMEX Cobalt Metals (Fastmarkets) futures has found quick adoption in the industry.
Open interest currently sits at 1,780 metric tons, as at June 30, or $42M in notional value. Based on customer demand, the contract listing has already been extended twice, and participants can now trade cobalt futures until December 2023 contract maturity.
The cobalt market is growing strongly as higher electric vehicle (EV) production volumes lift demand for the blue metal.
Lithium Hydroxide (Fastmarkets) futures contract launched on May 2. The contract is financially settled based on the monthly arithmetic average of an assessment published by Fastmarkets each Thursday of the contract month.
The contract quickly gained traction, trading five tons on the first day of trading.
Busheling scrap is the cleanest form of recyclable ferrous material. Reducing emissions by using clean scrap to produce steel is key to addressing climate change, but an inelastic supply could lead to price swings.
This creates a risk management challenge for market participants.
Read how CME Group can help you manage price risk using futures contracts.
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Data as of June 30, 2021, unless otherwise specified.
View the current version and an archive of the Metals Update online at: cmegroup.com/education/metals-update.html.