Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP
Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP

Electric car, commodities boom make it imperative to have price hedging tools for battery metals, says CME

  • With battery accounting for 20 to 40 per cent of the cost of an EV, futures will help users and traders to manage price risks, CME executive says
  • After CME Group launched a lithium futures contract on May 3, London Metal Exchange plans to introduce a similar product on July 19

Topic |   Business of climate change
Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP
Workers at Xinwangda Electric Vehicle Battery make lithium batteries for electric cars and other uses, in Nanjing, in China’s eastern Jiangsu province. Photo: AFP
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