CHICAGO, June 2, 2025 – CME Group, a leading global derivatives marketplace, reported unprecedented trading volumes and open interest in its battery metals suite. On May 29, a new high of 2,587 contracts was achieved across battery metals futures and options, exceeding the previous high of 2,301 contracts from February 11, 2025. Total open interest also peaked at 64,387 contracts.
According to Jin Hennig, Managing Director and Global Head of Metals at CME Group, the company is now the preferred platform for managing worldwide battery metals risk. The record numbers were fueled by the Lithium Hydroxide and Cobalt Metal futures contracts, both of which surpassed 1,000 contracts traded in a single day for the first time. Hennig added that the company is witnessing considerable growth among commercial users, which is attracting a wider array of participants and further improving price discovery within these crucial markets.
CME Group provides market participants with the most comprehensive selection of battery metals products. Notably, all 10 of the highest volume days across the complex have occurred this year, with the average daily volume reaching 837 contracts year-to-date, a 100% increase from the previous year.
The battery metals suite at CME Group includes futures and options for Lithium Hydroxide and Cobalt Metal, as well as futures for Lithium Carbonate, Cobalt Hydroxide, and Spodumene. These are listed by and subject to the rules of COMEX.
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CME Group () is the world’s foremost derivatives marketplace, enabling clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. This empowers market participants globally to efficiently manage risk and seize opportunities. CME Group exchanges provide the broadest array of global benchmark products across all major asset classes, including , , , , and . The company offers futures and options on futures trading through the platform, fixed income trading via BrokerTec, and foreign exchange trading on the EBS platform. Furthermore, it manages CME Clearing, a leading central counterparty clearing provider.
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SOURCE CME Group
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