- OI Highs Indicate Growing Interest in Lithium Market as
Participants Seek to Manage Risk Over the Long Term
- Lithium Hydroxide H1 Volumes Already Surpass Total
2023
CHICAGO, Aug. 1, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that its Lithium Hydroxide futures and
Lithium Carbonate futures contracts reached record open interest on
Wednesday, July 31, 2024. Lithium
Hydroxide futures open interest rose to 26,802 contracts, exceeding
the previous record of 26,627 contracts set on July 30, 2024. Lithium Carbonate futures open
interest grew to 1,092 contracts, surpassing the previous record of
1,062 contracts achieved on July 30,
2024.
"A key component of small-device batteries used in phones, cars
and more, lithium demand is growing and creating an increased
need to manage fluctuating price risk," said Jin Hennig, CME Group Managing Director and
Global Head of Metals. "As a result, market participants are
turning to our lithium futures market in record numbers driving up
both open interest and volume. In just the first half of 2024,
trading in our Lithium Hydroxide futures contract has already
surpassed full-year 2023 totals."
CME Group offers the widest range of benchmark metals products.
Additional battery metals highlights from July 2024 include:
- Record daily Lithium Hydroxide futures volume of 1,121
contracts on July 30, 2024
- Record Lithium Hydroxide options open interest of 579 contracts
on July 31, 2024
- Average open interest for July
2024 was 24,775
CME Group's metals complex is listed by and subject to the rules
of COMEX. For more information, please visit
www.cmegroup.com/metals.
As the world's leading derivatives marketplace, CME Group
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and OTC markets, optimize portfolios, and analyze data – empowering
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on interest rates, equity indexes, foreign exchange, energy,
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SOURCE CME Group