CME Group to launch a Lithium Carbonate futures contract on July 17

CME Group announced that it will launch a Lithium Carbonate futures contract on July 17, pending all relevant regulatory reviews. Lithium Carbonate CIF CJK (Fastmarkets) will be financially-settled based on the battery-grade Lithium Carbonate assessment published by Fastmarkets. Lithium Carbonate futures are complementary to CME Group’s Lithium Hydroxide CIF CJK (Fastmarkets) futures and will help establish a forward curve for Lithium Carbonate, offering market participants more transparency and choice for their different battery chemistry preferences.