Read more on how these indices will further position Fastmarkets benchmark prices in financial markets
The post Bloomberg launches new lithium and cobalt indices with Fastmarkets pricing appeared first on Fastmarkets.
Fastmarkets, one of the leading cross-commodity price-reporting agencies (PRA), is excited to announce that Bloomberg Index Services Limited has introduced new indices utilizing Fastmarkets’ commodity pricing. These indices track the performance of lithium and cobalt futures contracts, referenced on Fastmarkets global prices, and are listed on COMEX.
Fastmarkets’ proprietary prices serve as the foundation for CME Group futures contracts which are the underlying constituents tracked by the Bloomberg indices. These indices are anticipated to further position Fastmarkets’ benchmark prices within financial markets, enhancing liquidity and relevance to a new community of financial service organizations.
Product highlights:
Przemek Koralewski, global head of market development at Fastmarkets, said: “This launch not only elevates the visibility of our prices but also promotes the CME Group lithium and cobalt futures contracts to the financial sector. Inclusion in Bloomberg’s commodity indices family brings additional prestige and recognition to our benchmarks.”
Jigna Gibb, head of commodities and crypto index product, Bloomberg Index Services Limited, said: “Energy transition is a central pillar of climate risk mitigation strategy and as a result of transitioning away from fossil fuels, we can expect an increased demand for metals like lithium and cobalt due to their role in renewable energy projects, infrastructure and electric vehicles. Bloomberg partnered with Fastmarkets for access to a reliable, extended data set on the lithium and cobalt markets.”
The post Bloomberg launches new lithium and cobalt indices with Fastmarkets pricing appeared first on Fastmarkets.
