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Benchmark Mineral Intelligence’s (BMI) Lithium and Cobalt Futures will launch on Intercontinental Exchange (ICE) on 24 November 2025. These will be cash-settled derivatives over the average of the month, based on Benchmark’s assessments.",{"type":567,"attrs":718,"content":719},{"textAlign":49},[720],{"text":721,"type":572},"The futures contracts available will be for lithium carbonate, lithium hydroxide, spodumene concentrate and cobalt hydroxide. The contracts will include near term time periods and also extend out through December 2027 with the potential to extend the forward curve out further as the market demands.",{"type":567,"attrs":723,"content":724},{"textAlign":49},[725],{"text":726,"type":572},"“The trades are cleared at ICE Clear Europe,” Wittner said. “That’s important to the markets, particularly an immature market, because that means we, ICE, are the counterparty. So there’s really almost no counterparty risk.”",{"type":567,"attrs":728,"content":729},{"textAlign":49},[730],{"text":731,"type":572,"marks":732},"To learn more about Benchmark’s lithium and cobalt prices, fill out the form below and one of the team will be in touch:",[733],{"type":734},"italic",{"type":649,"attrs":736},{"id":737,"body":738},"ae34c9f1-bf55-4b9e-9ff0-ed96ec2f148e",[739],{"id":740,"_uid":741,"_editable":742,"component":743,"wrap_in_box":50,"hubspot_form":740,"redirect_url":744,"success_file":747,"default_height":562,"success_message":562,"success_sub_text":562,"hidden_field_values":750},"57a99950-73f5-48be-98a4-7324c28e5d0b","i-fbf56ac0-c3a9-4143-8341-3f60ac7d21a5","\u003C!--#storyblok#{\"name\": \"ContentHubspotForm\", \"space\": \"\", \"uid\": \"i-fbf56ac0-c3a9-4143-8341-3f60ac7d21a5\", \"id\": \"\"}-->","ContentHubspotForm",{"id":562,"url":562,"linktype":745,"fieldtype":746,"cached_url":562},"story","multilink",{"id":49,"alt":49,"name":562,"focus":49,"title":49,"source":49,"filename":562,"copyright":49,"fieldtype":748,"meta_data":749},"asset",{},[],"By the end of the decade, Benchmark forecasts that BYD will be spending over $2 billion annually on lithium, with others such as Volkswagen and Tesla seeing lithium spend rise above $1 billion annually. This rise in demand exposes automakers to swings and volatility in the lithium price. Automakers and battery producers are also highly […]",[753],{"slug":754,"name":755,"content":756},"matthew-bird","Matthew Bird",{"job_title":757,"image":758,"bio":760,"linkedin":761},"Senior Editor - Supply Chains & Data Visualisation",{"filename":759},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/","\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"72fc6309-aaa8-49b9-a138-0a8b38d65492\", \"id\": \"\"}-->","article",[765,768,770,773,776],{"slug":766,"name":767},"batteries","Batteries",{"slug":769,"name":115},"cobalt",{"slug":771,"name":772},"critical-minerals","Critical Minerals",{"slug":774,"name":775},"ev","EV",{"slug":777,"name":8},"lithium","public",{"id":49,"alt":780,"name":562,"focus":562,"title":780,"source":562,"filename":781,"copyright":562,"fieldtype":748,"meta_data":782,"is_external_url":51},"Major automakers are increasingly exposed to raw material price swings","https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1763729356/www-production/Lithium-cobalt-automaker-exposure@2x-1/Lithium-cobalt-automaker-exposure@2x-1.png?_i=AA",{"alt":780,"title":780,"source":562,"copyright":562},{"id":784,"alt":562,"name":562,"focus":562,"title":562,"source":562,"filename":785,"copyright":562,"fieldtype":748,"meta_data":786,"is_external_url":50},129066711562608,"https://a.storyblok.com/f/287943243085208/a0b98e4a9d/bm-collage-prices-5.png",{},"By the end of the decade, Benchmark forecasts that BYD will be spending over $2 billion annually on lithium. This rise in demand exposes automakers to swings and volatility in the lithium price.","Nov 21, 2025","21st November 2025",[],[],{"id":793,"uuid":794,"name":795,"slug":796,"full_slug":796,"content":797,"relatedArticles":801,"relatedVideos":802},120886048076734,"4b6fbcc0-7881-4fbb-92ee-06d1ed3f3cec","⚙️ Settings","settings",{"_uid":798,"component":796,"black_listed_email_domains":799,"_editable":800,"formattedDate":562,"formattedArticleDate":562},"8dcafbcc-28de-4388-a68e-6b41e24f31bb","direkt.se\nstreetwisereports.com\nalpha-sense.com\nafrica-energy.com\ntcs.com\nmm-markets.com\nsmr-premium.com\nsci99.com\nlondoncib.com\nyeb.com.br\nnewautomotive.org\nsina.com.cn\ngwstrategies.net\noliverwyman.com\ndazeinfo.com\ndataintelo.com\ninfyos.com\nevalueserve.com\ninsightwoo.com\ncrescendoanalytic.com\nipaglobal.com\nweare121.com\nzemek.com\nryancommodityinsights.com\nonyxsi.com\ncostmine.com\nnickhatchmining.com\naethoslabs.com\nmysteel.com\nbuzblox.com\nfutureproofconsulting.com.au\ncmgroup.net\noptelgroup.com\nberylls.com\nreputex.com\nnumber-three.net\nrobertdallison.com\nwsp.com\nafriforesight.com\npaydirt.com.au\nmetal.com\ninforma.com\nfelixstrategy.com\ncrisil.com\nantaike.com\nbatterymaterialsreview.com\nsrk.com\nglobaltrustgrp.com\nnapiermeridian.com\nprojectblue.com\nplutonic-rma.com\nrosaearth.io\ndrivesustainability.org\nminehub.com\nscsglobalservices.com\nLynxglobalintelligence.com\nsphera.com\nminespider.com\nc-resource.com\ntdi-sustainability.com\nkumi.consulting\nsc-insights.com\nkallanish.com\naboutenergy.co.uk\nenant.io\nopisnet.com\nacuitycommodities.com\nevinfocus.com\nsfa-oxford.com\ncrugroup.com\nwoodmac.com\nspglobal.com\nrolandberger.com\nrcsglobal.com\nnornik.ru\nlivista.energy\nihsmarkit.com\ncapitalightresearch.com\namegroup.com\ncapitalight.co\nsustainablelabs.io\ncommoditiesanalysis.co.uk\navicenne.com\nkearney.com\nnornickel.net\n5napier.com\nvoltility.net\ngf.com.cn\nhindenburgresearch.com\ndigbee.com\nadamasintel.com\nac-harvard.com\nsneresearch.com\ninventusbioenergy.com\nproactiveinvestors.com\nauroraer.com\nresourceworld.com\nbatteryline.com\norennia.com\nfastmarkets.com\nmsci.com\nbcg.com\nklinegroup.com\ndelta-ee.com\nskarnassociates.com\nricardo.com\ncleanhorizon.com\np3-group.com\naccenture.com\nporsche-consulting.com\numlaut.com\nadi-analytics.com\ncpmgroup.com\nilimarkets.com\nminviro.com\nmckinsey.com\ncicenergigune.com\ne4tech.com\nargusmedia.com\ndolbear.com\nerm.com\nlithium.org\nradiusq.com\ndigivla.com\njeri.co.jp\ntopology.com.tw\nsaurenergy.com\novaladvisory.com\ngsixenergy.com","\u003C!--#storyblok#{\"name\": \"settings\", \"space\": \"287943243085208\", \"uid\": \"8dcafbcc-28de-4388-a68e-6b41e24f31bb\", \"id\": \"120886048076734\"}-->",[],[],1784294230692]