Copying and distributing are prohibited without permission of the publisher

LME prepares for cobalt, moly contracts

August 01, 2009 - 17:46 GMT Location: London

KEYWORDS: london metal exchange , cobalt , molybdic oxide , molybdenum

When the London Metal Exchange launches its molybdic oxide and cobalt contracts early next year, market participants will be able to trade minor metals on an exchange for the first time

Coming two years after the LME first announced it would conduct a study into the two metals, producers, traders and consumers are now considering making provision for the LME prices in their 2010 contracts. The exchange’s plans were initially met with reservation by some in the minors and ferro-alloys markets. Sceptical market participants cited May 2007’s nickel prices above $50,000 per tonne as a reason to keep minors off the LME. Market participants voiced fears about hedge fund interference in the molybdenum and cobalt markets, saying that they are too small to gain liquidity on the exchange. World...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

Feb 10, 2012 17:25 MEIR ON METALS: Don’t break out the ouzo just yet
Feb 10, 2012 15:42 Minmetals’ acquisition of Anvil a step closer to completion
Feb 10, 2012 13:50 Base metals prices fall in LME officials on renewed Greek woes
Feb 10, 2012 11:52 HOTLINE: Albanese waives bonus – who’s next?
Feb 10, 2012 11:24 HOTLINE: Nickel trader profits from price crash on LME Select

Stainless & Special Steels

Feb 10, 2012 15:54 Globe sees ferrosilicon tags facing more import pressure
Feb 10, 2012 14:01 European mills seek more than $65 hike on 304 stainless sheet
Feb 10, 2012 06:10 Asian stainless steel prices weaken as more offers emerge
Feb 10, 2012 05:05 Jinchuan raises nickel prices by 1.4%
Feb 9, 2012 09:20 Taigang hikes nickel pig iron bid price by 10%

Ores & Alloys

Feb 10, 2012 15:54 Globe sees ferrosilicon tags facing more import pressure
Feb 10, 2012 14:24 MB NON-FERROUS PRICE CHANGES
Feb 9, 2012 09:34 MINING INDABA 2012: Ferro-chrome market split over price prospects, benchmark
Feb 9, 2012 09:16 MINING INDABA 2012: Xstrata takes out two Rustenburg ferro-chrome furnaces
Feb 9, 2012 07:17 Rio Tinto's Albanese rejects bonus on Alcan write-off

Minor & Precious Metals

Feb 10, 2012 15:54 Globe sees ferrosilicon tags facing more import pressure
Feb 10, 2012 14:24 MB NON-FERROUS PRICE CHANGES
Feb 10, 2012 08:46 Bismuth prices rise on 'temporary' Guangxi suspensions
Feb 10, 2012 01:00 China germanium prices hit by flagging demand
Feb 9, 2012 23:23 Globe gets nod on manganese licenses in Nigeria

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.