Minor metals to make LME debut

Futures contracts for minor metals molybdenum and cobalt will be launched on the London Metal Exchange (LME) in the second half of 2009, the LME has announced today.

Interest in these minor metals has surged recently as a result of a growth in demand combined with highly volatile prices. Traders have been looking for transparent price discovery methods and a method for hedging their risk.

“Minor metals have been discussed by the exchange for some time, and fit with our core products as they are extracted with them,” says Martin Abbott, chief executive of the LME. “The volatility in these markets in recent times has highlighted the need for an exchange traded

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here