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LME spent the first trading cobalt and molybdenum

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.

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