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ICE launches battery raw materials futures contracts based on Fastmarkets price assessments

Read more about ICE's new BRM futures contracts using Fastmarkets price assessments

June 2, 2025
By Yolande Peters
Battery materials Press release

Fastmarkets, a leading price-reporting agency (PRA) and trusted source of cross-commodity market analysis, is proud to announce a collaboration with Intercontinental Exchange (ICE), a leading commodity exchange, to launch a new suite of futures contracts specifically focused on battery raw materials (BRM). The new contracts will address the rapidly growing demand for transparent and efficient price-risk management in the battery materials market.

Fastmarkets and ICE are introducing a suite of contracts for cobalt, spodumene, lithium hydroxide and lithium carbonate. These contracts are designed to provide market participants with effective tools to improve investment decision-making and mitigate price volatility risks across the BRM supply chain. Leveraging Fastmarkets’ trusted price assessments and ICE’s global exchange network, the initiative enables trading transparency and risk management solutions.

“Partnering with ICE is a major step in helping the battery raw materials industry manage price risk,” said Przemek Koralewski, Fastmarkets’ Global Head of Market Development. “Fastmarkets provides the most widely used PRA benchmark in physical transactions for these commodities. By combining our pricing with ICE’s trusted platform, we’re bringing greater transparency and efficiency to a market vital to battery growth.”

This announcement reinforces the growing importance of futures contracts in enabling businesses to hedge against inevitable market fluctuations in this incredibly dynamic sector.

Email media@fastmarkets.com to connect with the team.

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