Market Interest for Cobalt Reaches Record on LME

Platts reported that open interest in cobalt is at its highest since the contract was launched exactly two years ago.

As quoted in the market news:

Market open interest for the LME cobalt contract reached a record 544 lots in February 2012. Cobalt volumes on the LME have been strong with 14,574 lots traded since the contract launched on February 22, 2010.

Click here to read the full Platts report.