Posted 4/2/2024, 1:45:58 PM
Lithium Hydroxide Futures Trading Surges Amid 2024 Price Plunge
- CME lithium hydroxide futures trading hits record high in Q1 2024, with open interest extending to September 2025
- Number of outstanding contracts reached 24,328, close to total 2021 volume
- Growth driven by arbitrage between CME and China futures contracts
- Increasing open interest and liquidity seen as positive sign for maturing lithium market
- Futures trading volume in Q1 2024 already nearing total 2023 level amid lithium price collapse