Minor Metals Industry Reluctant On LME Futures Contracts

- November 11th, 2010

The Wall St. Journal.com reports that the industry has not fully accepted minor metals conracts on the LME, including cobalt, and therefore will not be used as a pricing mechanism yet.

The Wall St. Journal.com reports that the industry has not fully accepted minor metals conracts on the LME, including cobalt, and therefore will not be used as a pricing mechanism yet.

The story is quoted as saying:

Cobalt futures contracts had proven slightly more popular but there was still “negligible” business and “quite often there are no traders in the ring,” a trader said.

To access the full story, click here.

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