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[MEDIA] LME Cobalt Fastmarkets MB cash-settled derivatives...

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Guerilla

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11/03/19

13:39

Post #: 37720137
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Originally posted by Guerilla ↑

Extracts:

Fastmarkets last assessed the standard-grade cobalt price at $22.50-24.55 per lb on Wednesday January 16.

The LME’s three-month cobalt contract settled at $40,000 per tonne ($18.14 per lb) on January 16.

“Most of you are using PRA [price reporting agency] prices in contracts rather than LME prices. The lack of liquidity on the LME [physically-delivered contract] is the most cited reason for that ...” LME CEO

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LME Cobalt Fastmarkets MB cash-settled derivatives contract starts trading tonight.

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