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Singapore Bourse Set to Start Cobalt, Lithium Contracts in the First Half of 2022

Operations At Bald Hill Lithium Mine As Lithium Sector's Newest Exporter Sees No Threat of an Oversupply
Photographer: Carla Gottgens/Bloomberg

The Singapore Exchange plans to launch derivative contracts in battery metals in the first half of this year as demand booms for raw materials that play a crucial role in powering electric vehicles.

The bourse is set to launch contracts in cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide, subject to regulatory approval, according to an exchange statement. SGX will partner with Fastmarkets, the price reporting agency for these products, it added.