FIS Adds Cobalt Hydroxide Trade to its List of Market Firsts

FIS
January 10, 2024

Yesterday, Freight Investor Services completed the first Cobalt Hydroxide futures trade, a Cal 25 strip on the CME.

This trade adds to the list of firsts negotiated by the FIS Battery Metals desk and follows the Cobalt option trade of 15 December 2023, reflecting the growing interest of companies in the battery metals market.

Head of Battery Metals, Anna Chadwick, commented: “We are excited to be able to add another product to the battery metals suite. The addition of the Cobalt Hydroxide contract is testament to the appetite of counterparties to manage their price risk using an increasingly diverse set of tools”.

Both Cobalt and Cobalt Hydroxide prices play a key role in the pricing of EV batteries and the wider energy transition.

For any further information on battery metal trading, please contact the battery metals desk:

Europe – Anna Chadwick: annac@freightinvestor.com

Europe – Luke Vint: lukev@freightinvestor.com

Asia – Lina Liu: linaL@freightinvestor.com

Asia – Bryan He: bryanh@freightinvestor.com

Tel: +44 207 090 1120

Disclaimer: The information provided in this communication is not intended for retail clients. It is general in nature only and does not constitute advice or an offer to sell, or the solicitation of an offer to purchase any swap or other financial instruments, nor constitute any recommendation on our part. The information has been prepared without considering your investment objectives, financial situation, or knowledge and experience. This material is not a research report and is not intended as such. FIS is not responsible for any trading decisions taken based on this communication. Trading swaps and over-the-counter derivatives, exchange-traded derivatives, and options involve substantial risk and are not suitable for all investors. You are advised to perform an independent investigation to determine whether a transaction is suitable for you. No part of this material may be copied or duplicated in any form by any means or redistributed without our prior written consent. Freight Investor Services Ltd (FIS) is authorised and regulated by the Financial Conduct Authority (FRN: 211452) and is a member of the National Futures Association (“NFA”). Freight Investor Services PTE Ltd (‘FIS PTE’) is a private limited company, incorporated and registered in Singapore with company number 200603922G, and has subsidiary offices in India and Shanghai. Freight Investor Solutions DMCC (‘FIS DMCC’) is a private limited company, incorporated and registered in Dubai with company number DMCC1225. Further information about FIS including the location of its offices can be found on our website at freightinvestorservices.com.