Lithium trading hits record on CME as funds seize budding market
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds crowding into the budding market as prices of the battery metal falter.
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CME cobalt contract use soars above LME as big players join
Mining News Pro - Growing volumes for CME cobalt are expected to help the US exchange win market share in contracts for other materials used in electric vehicles such as lithium and aluminum.
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CME steps up battle against LME with new aluminum contracts
Mining News Pro - The Chicago Mercantile Exchange will launch new aluminum options contracts next month, as it steps up a campaign to wrestle trading away from its London rival in the wake of a nickel-trading debacle.
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CME starts trading lithium futures to tap EV demand
Mining News Pro - Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles (EVs) and high tech devices.
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Rio Tinto Iron Ore director appointed WA CME president
Mining News Pro - The Chamber of Minerals and Energy of Western Australia (CME) has enlisted Rio Tinto iron ore managing director of port, rail and core services Ivan Vella as its new president.
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