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What does the listing of lithium futures mean?
Lithium futures were launched on the Chicago Mercantile Exchange on May 3rd, which is the only lithium futures in the world. Two points should be paid attention to when launching lithium futures: 1 to promote spot development. Due to the small supply of lithium metal, its production is mainly concentrated in several enterprises. With the listing of lithium futures, it can promote asset participation, improve market competition and promote industrial development. 2. Reduce production risks. The listing of lithium futures can help enterprises hedge and reduce production risks.