Freight Investor Services Brokers First Lithium Carbonate Futures Contract

LONDON, July 17, 2023: True to its pioneering spirit, Freight Investor Services (FIS) successfully brokered the trade of the first ever Lithium Carbonate Futures Contract (Contract Code: LTC), which took place on the Chicago Mercantile Exchange (CME). This inaugural trade highlights FIS’ commitment to providing clients with innovative hedging tools and expanding opportunities in the market. Lina Liu, Head of FIS China commented, “this is an exciting time in the battery metals space as we begin to see more hedging tools made available and more arbitrage opportunities between different markets and products.”


Today, CME has launched the Lithium Carbonate futures contract, offering new avenues for risk management in battery metals. Two trades were made totalling four tonnes on lithium carbonate Mar and Apr 24 contracts with counterparties including Vast Industrial Company Limited and Wooray Commodities Pte Limited. San Shui Industrial is a comprehensive trading enterprise specializing in domestic and international trade of non-ferrous metals and metal raw materials. Amanda Xiong, Chairman of Vast Industrial Co Ltd, noted, “This deal is significant for the lithium industry. Undoubtedly, lithium is one of the most important raw materials for our future clean energy transition. We are pleased to play a small part in helping this market develop and will continue to serve both upstream and downstream customers in the lithium industry.”


FIS remains committed to delivering cutting-edge solutions to meet the needs of its global client base. This ground-breaking trade underscores FIS’ position as an industry pioneer and its dedication to driving innovation across markets. The significance of this milestone was summed up by Jack Nathan our Head of Battery Metals, “I have been encouraged to see the feedback from our clients on this new Lithium Carbonate contract. Providing liquidity to even more specific hedges and speculative trades is what makes us the market’s number one choice for energy transition trading.”


About Freight Investor Services (FIS): FIS is a global broker specializing in freight and commodity derivatives. With an extensive range of services and deep industry expertise, FIS provides innovative solutions to clients worldwide. FIS is committed to staying at the forefront of the industry and facilitating trades in diverse markets.

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

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