Fastmarkets has partnered with Singapore Exchange to launch energy-metal derivatives contracts. Expected to launch in first half 2022, these new contracts will support the demand for energy metals used in the production of electric vehicle (EV) batteries with Asia playing a pivotal role as a major producer and consumer in the battery value chain. The suite of commodities contracts will include four battery raw materials – cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide.

With the global EV market on a rapid growth trajectory, prices for battery raw materials have been on the rise. These derivative contracts will facilitate market participants to manage price risk exposures to energy metals crucial to battery production.