- Trading Screen Product Name
- Battery Materials Futures
- Trading Screen Hub Name
- Spodumene FOB Australia (BMI)
- Contract Symbol
SPO
- Contract Size
10 metric tonnes
- Unit of Trading
Any multiple of 10 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One cent ($0.01) per metric tonne
- Minimum Price Fluctuation
One cent ($0.01) per metric tonne
- Last Trading Day
Last Wednesday of the contract month. If such a Wednesday is not a
business day, then the Last Trading Day will be the business day
prior, the same as the publication date of the Benchmark Mineral
Intelligence Lithium Price Assessment.
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
assessments as made public by Benchmark Mineral Intelligence under
the heading “Spodumene” for “FOB Australia; 6%;
USD/Tonne” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 72 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Benchmark Mineral Intelligence Lithium Price
Assessment.
- MIC Code
- IFEU
- Clearing Venues
- ICEU