LCR | Lithium Carbonate Rotterdam Futures Contract

Trade lithium carbonate with a physically-deliverable contract that reflects real market conditions for this battery material in Europe. Designed for traders and commercial participants, Abaxx Lithium Carbonate Rotterdam futures offer reliable price discovery, a more precise hedging instrument, and the ability to optimize your supply chain.

Abaxx's Lithium Carbonate Rotterdam futures contract is a US dollar-denominated, 1 tonne, delivered-at-place (DAP) contract, physically-deliverable in Rotterdam.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Lithium Carbonate Rotterdam Futures
Contract Symbol	LCR
Rule Chapter	1600
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT, in USD 1/MT increments
Contract Size	1 MT Lithium Carbonate
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	500 Lots
Position Accountability Levels (any/all month)	2500 lots
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Quality	Battery Grade Lithium Carbonate with chemical specifications as follows: Li₂CO₃ 99.5% min H₂O 0.25 % max Ni less than 10 ppm Mn less than 5 ppm K less than 50 ppm Ca less than 160 ppm Na less than 500 ppm Mg less than 80 ppm Fe less than 10 ppm Cu less than 5 ppm Al less than 10 ppm Zn less than 5 ppm Pb less than 5 ppm F less than 150 ppm Si less than 100 ppm Cl less than 100 ppm B less than 50 ppm SO₄ less than 800 ppm Magnetic Impurities: less than 300 ppb Particles: Fine powder The Li₂CO₃ delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate.
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Delivery Term	Delivery at Place (DAP)
Delivery Unit	20 Contract Units or multiples of the Delivery Unit
Discharge Port	Rotterdam
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2%
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of Li₂CO₃ contracted for delivery prior to the last five (5) Trading Days of the Contract
Notice Date	Business Day following Last Trading Day
Delivery Date	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	London Court of International Arbitration (LCIA)

LCR | Lithium Carbonate Rotterdam Futures Contract

Abaxx's Lithium Carbonate Rotterdam futures contract is a US dollar-denominated, 1 tonne, delivered-at-place (DAP) contract, physically-deliverable in Rotterdam.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Lithium Carbonate Rotterdam Futures
Contract Symbol	LCR
Rule Chapter	1600
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT, in USD 1/MT increments
Contract Size	1 MT Lithium Carbonate
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	500 Lots
Position Accountability Levels (any/all month)	2500 lots
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Quality	Battery Grade Lithium Carbonate with chemical specifications as follows: Li₂CO₃ 99.5% min H₂O 0.25 % max Ni less than 10 ppm Mn less than 5 ppm K less than 50 ppm Ca less than 160 ppm Na less than 500 ppm Mg less than 80 ppm Fe less than 10 ppm Cu less than 5 ppm Al less than 10 ppm Zn less than 5 ppm Pb less than 5 ppm F less than 150 ppm Si less than 100 ppm Cl less than 100 ppm B less than 50 ppm SO₄ less than 800 ppm Magnetic Impurities: less than 300 ppb Particles: Fine powder The Li₂CO₃ delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate.
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Delivery Term	Delivery at Place (DAP)
Delivery Unit	20 Contract Units or multiples of the Delivery Unit
Discharge Port	Rotterdam
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2%
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of Li₂CO₃ contracted for delivery prior to the last five (5) Trading Days of the Contract
Notice Date	Business Day following Last Trading Day
Delivery Date	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	London Court of International Arbitration (LCIA)

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Lithium Carbonate Rotterdam Futures
Contract Symbol	LCR
Rule Chapter	1600
Settlement Method	Physical
Contract Months	12 consecutive months
Pricing Terms	USD/MT, in USD 1/MT increments
Contract Size	1 MT Lithium Carbonate
Minimum Price Movement	1 USD per MT
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Last Trading Day	Two (2) Business Days prior to Delivery Date
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	500 Lots
Position Accountability Levels (any/all month)	2500 lots
Approved Brands and Producers	See Approved Brands and Producers
Approved Inspection Companies	See Approved Inspection Companies
Quality	Battery Grade Lithium Carbonate with chemical specifications as follows: Li₂CO₃ 99.5% min H₂O 0.25 % max Ni less than 10 ppm Mn less than 5 ppm K less than 50 ppm Ca less than 160 ppm Na less than 500 ppm Mg less than 80 ppm Fe less than 10 ppm Cu less than 5 ppm Al less than 10 ppm Zn less than 5 ppm Pb less than 5 ppm F less than 150 ppm Si less than 100 ppm Cl less than 100 ppm B less than 50 ppm SO₄ less than 800 ppm Magnetic Impurities: less than 300 ppb Particles: Fine powder The Li₂CO₃ delivered under this contract shall not be older than 180 days, as evidenced by a Producer Certificate.
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery
Delivery Term	Delivery at Place (DAP)
Delivery Unit	20 Contract Units or multiples of the Delivery Unit
Discharge Port	Rotterdam
Title and Risk	Title passes with payment Risk passes according to INCOTERMS 2020
Delivery Tolerance	+/- 2%
Product Placement	The Seller shall adequately demonstrate commercial capability and the ability to have a quantity and quality of Li₂CO₃ contracted for delivery prior to the last five (5) Trading Days of the Contract
Notice Date	Business Day following Last Trading Day
Delivery Date	Third Wednesday of the month that is a Business Day and is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US bank holiday
Payment Date	Delivery Date
Documentation	Seller to provide Producer Certificate and/or Inspection Certificate upon delivery
Packing	In Approved Producer’s original watertight packing, 500-1,000kg big bags, in containers sealed by an Approved Producer or Approved Inspection Company
Inspection	If the Seller is not the Approved Producer, quantity and quality to be determined by Approved Inspection Company prior to shipment at Producer Premises or Load Port.
Venue of Arbitration	London Court of International Arbitration (LCIA)