In 2024, electric vehicle sales topped 17 million units globally, over ten times the volume from just five years prior, while grid-scale energy storage is accelerating to support renewables. This rapid growth is expanding the critical role of battery inputs and driving demand for tools to manage price risk in these evolving markets.
ICE’s battery materials futures expand access to critical risk management tools for the energy transition. These cash-settled contracts, based on benchmarks from Fastmarkets, offer transparency and price protection across key minerals like lithium, cobalt and spodumene. They complement ICE’s broader offering in environmental products and Alternative fuels.