LME considers making cobalt, molybdenum contracts cash-settled

The London Metal Exchange is looking at making molybdenum and cobalt cash-settled, it said at its Town Hall meeting on Thursday September 7.

It is also considering introducing cash-settled regional aluminium premiums, cash-settled alumina contracts and a lithium contract, the LME revealed at the meeting.
There have been requests from members to introduce these premiums following its discussion paper consultation, the LME told attendees. The introduction will be subject to further consultation, it added. 

“There were some suggestions of how to amend the minor metals contracts, such as cobalt and molybdenum, with several respondents believing that these contracts would benefit from moving to a cash-settled, monthly date structure...

Published

Alice Mason

September 08, 2017

11:50 GMT

London