London Metal Exchange (LME) day before yesterday, spent the first futures trading on the cobalt and molybdenum. On the first day trading volume was $ 5.7 million, of which $ 3.6 million came from cobalt contracts, $ 2.1 million — to molybdenum. It sold 90 lots of cobalt and molybdenum 9.
The most active trade was in LMEselect (electronic trading system) and by phone, while only 5 transactions were carried out in the ring.
«We are extremely encouraged by this initial success of trade and I think it shows an interest in these instruments. This is a good start, but we have come a long way, «- said Chris Evans (Chris Evans), Director of Business Development LME.