CME is developing the world’s first rare earth futures contract so companies can hedge volatile NdPr prices

CME is getting ready to launch a new futures contract that could help electric vehicle companies and military contractors deal with crazy swings in the cost of neodymium and praseodymium. These metals are used together in magnets that run EV motors, fighter jets, drones, and wind turbines. Right now, there’s no proper way to protect […]