29/07/2026 – Freight Investor Services (FIS) has arranged the first 2028 tenor Lithium Hydroxide trades, marking another milestone in the development of the battery metals derivatives market.
The first trade was a Q1 2028 Lithium Hydroxide contract at $20.55 in 30 tonnes per month and cleared via CME.
Anna Chadwick, Head of Battery Metals of FIS, said:
“It’s great to see FIS further advance the battery metals market and enable the opening up of volume into Cal-28 for the Lithium Hydroxide contract. This is a strong indicator of the confidence counterparties have in the contract as a liquidity tool to hedge and trade their long-term exposure. It also gives long-term project financing and offtake negotiations a more credible forward price reference.”
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