Lithium futures

Take charge of price risks associated with manufacturing lithium-ion batteries.

Globex Code: LTH

Overview

The rapid growth of electric vehicles and large-scale battery storage applications for electronic devices is increasing Lithium demand – and price risk. Lithium futures offer price transparency and efficient risk management and are financially settled each business day of the contract month, based on monthly average of assessments published by Fastmarkets, a leading commodities benchmark data provider.

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Key features

Lithium futures (ticker symbol LTH) are designed to offer participants in the supply chain for battery metals a way to manage risk, while giving other participants access to trading opportunities.
 

Enjoy the price discovery and transparency of a centralized marketplace.

Hedge using a centrally cleared instrument, mitigating counterparty credit risk.

Trade from anywhere in the world via the electronic CME Globex platform.

Get Lithium market access without having to manage physical delivery.

Learn about Lithium futures

Learn the fundamentals behind Lithium futures, what they are, and different ways to use it

Explore the product in depth

Review preliminary contract specifications

Contract Title Lithium Hydroxide CIF CJK (Fastmarkets) Futures
CME Globex/CME ClearPort Code LTH
Rulebook Chapter 646
Settlement Type Financial
Contract Size 1,000 kg (kilograms)
  Listing Schedule Monthly contracts listed for twelve (12) consecutive months. Add a new contract month after the nearby expiry.
Pricing Quotation U.S. dollars and cents per kilogram
First Listed Month May 2021
Minimum Price Fluctuation $0.01 per kg
Value per tick $10.00
Block Trade Minimum Threshold 2 contracts – subject to a minimum 15-minute reporting window
Termination of Trading Trading terminates on the last Thursday of the contract month. If this is not a U.S. business day, trading terminates on the prior U.S. business day.
CME Globex Matching Algorithm First in First Out (FIFO)
Trading and Clearing Hours

CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time/ET (5:00 p.m. - 4:00 p.m. Central Time/CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT)

CME Globex: PreOpen: Sunday 5:00 p.m. – 6:00 p.m. ET (4:00 p.m. – 5:00 p.m. CT). Monday – Friday 5:45 p.m. – 6:00 p.m. ET (4:45 p.m. – 5:00 p.m. CT)

CME ClearPort: Sunday – Friday 6:00 p.m. – 5:00 p.m. ET (5:00 p.m. – 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT)

CME Direct

CME Direct Users: download the Lithium Trading Grids:

  1. Right click on the buttons below
  2. Save the files as an .XML on your computer
  3. In CME Direct, select import view in the main menu
  4. Import the grid into CME Direct

Find answers to frequently asked questions

What is the Fastmarkets reference price?

It is the assessment for “Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price, US$ per kg CIF China, Japan & South Korea” (code MB-LI-0033). This assessment tracks the price of battery-grade lithium hydroxide in North Asia and is published weekly. More information about the Fastmarkets methodology is available here.


How does the LTH contract settle during the delivery month?

The final settlement price will be equal to the arithmetic average of all available weekly price assessments published for “Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade spot price, US$ per kg CIF China, Japan & South Korea” in $/kilogram by Fastmarkets during the contract month.


How do I get set up for trading LTH?

Contact your clearing member or metals@cmegroup.com to receive more information on preparing to trade the contract on CME Globex and/or as a block trade on CME ClearPort.


What is the block trade minimum for LTH?

There are minimum quantity and reporting time requirements for LTH block trades. The minimum block trade size is two contracts, and trades need to be reported by the broker or by the counterparties for a bilateral trade within 15 minutes of execution.

Courses

Take self-guided courses on futures products.

If you're new to futures, the courses below can help you quickly understand the market and start trading.

19 modules

Introduction to futures

Launch course

6 modules

Things to Know Before Trading CME Group Futures

Launch course

Contact a Metals expert

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