The metals average daily volume (ADV) reached 943K contracts for Q2 2025, representing a significant milestone. The results are part of a broader trend of growth, with our overall ADV increasing by 15% year-over-year in Q2.

The strong performance in metals was driven by record volumes in several key products, including Micro Gold (MGC) futures, Gold (OG) options and Platinum (PL) futures, which achieved ADV records of 302K contracts, 100K contracts and 44K contracts, respectively. These records underscore the growing liquidity and interest in Precious Metals derivatives, highlighting the importance of our markets for metals industry participants.

Platinum plays a central role in renewable energy, particularly in hydrogen cell technology. Given China’s ambitious green targets, the country has been heavily purchasing platinum. The latest buying spree has lead to record volumes and a sharp increase in price. Platinum (PL) futures are up 16% YTD, and the price has increased by approximately 40% since January, as of July 10, 2025.

Moreover, the top 10 trading days in Platinum futures occured in June 2025, highlighting the significance of Platinum futures and providing the tools necessary to capitalize on trading opportunities.

In addition to the record Platinum futures trading, Platinum (PO) options have surged up 99% YTD. June was a record month, with over 4K contracts trading per day, and June 26 being a record day, seeing over 8.6K contracts traded. 

Open interest (OI) also peaked in July, with over 60K contracts, demonstrating unmatched liquidity. 

Settled to Platinum futures, Platinum options offer a robust solution to all market participants to manage any associated price risk.  

Earlier this year, we introduced new Friday expirations for Platinum Weekly options, providing market participants with expanded flexibility to manage short-term price risks in the platinum market. 

Its been encouraging to seeing these contracts slowly take adoption in June, with 31 contracts traded, suggesting growing investor appetite for short-term tactical exposure characterized by significant supply constraints.

Join us for an elegant evening as we bring together top precious metals producers, traders, strategists and thought leaders to celebrate the industry. Enjoy networking with your peers over cocktails and hear insightful remarks from our keynote speaker Kevin Warsh. 

For more information, sponsorship opportunities and table or individual seats purchases, please visit our website.

Midway through the year, our Battery Metals products are on track to setting a new annual record. Following exceptional trading performance and increased liquidity, Lithium Carbonate (LTC) futures have seen a significant surge, with 7,682 contracts (metric tons) traded in the first half of 2025, more than double the 3,106 contracts traded in all of 2024.

More importantly, we are seeing growing adoption of screen trading for Lithium Hydroxide (LTH) futures via CME Direct. During the first week of July, 34% of lithium volume was traded on screen.

Market participants can access liquid lithium and cobalt markets and choose from a variety of products that best suit their needs. This is coupled with an all-time high of 65,553 contracts of open interest across all battery metals products on July 2.

Our Micro Gold (MGC) futures offer market participants a way to trade the gold market with less upfront costs.

Gold, often seen as a store of value during times of economic turmoil, reached record prices in 2025, leading to record-high trading volumes. 

Micro Gold futures and options trading has increased 132% YTD, making our markets highly liquid and accessible for traders 23 hours a day, six days a week. The increase in volume has been driven by all-time high participation, with 76% increase in new traders entering the market in Q2 compared to the same period in 2024. 

The ongoing news surrounding steel tariffs has created market uncertainty, leading to an increase in trading activity in our HRC Steel futures contracts. On average, 1,388 contracts are trading every day in 2025. 

The increase in liquidity provides market participants with an enhanced hedging tool to manage associated price risk and market volatility of U.S.-related steel.