15/05/2026 – Freight Investor Services (FIS) has arranged its first physical battery metals trades, successfully negotiating both cobalt metal and lithium hydroxide product deals, as the company continues to expand its broking presence across the energy transition commodities space.
The cobalt metal transaction involved 30 tonnes traded at $25/lb, ex-warehouse Shanghai, while the lithium hydroxide deal totalled 216 tonnes at $24.7809/kg DDP Shanghai.
Cobalt and lithium hydroxide are both critical raw materials for the battery supply chain. Cobalt is widely used in lithium-ion battery cathodes to improve energy density and stability, particularly in electric vehicles and energy storage systems. Lithium hydroxide, meanwhile, is increasingly preferred for high-nickel EV battery chemistries due to its efficiency in battery production and performance.
George Dranganoudis, CEO of FIS, said: “We’re pleased to complete our first physical battery metals trades in Cobalt metal and Lithium Hydroxide. These transactions reflect our ability to expand in new markets, strengthens our service offering in China and complements our existing derivatives business.”
If you are interested in knowing more about FIS’s analysis and product offering, please contact enquiry@freightinvestor.com
