LME hopes to promote molybdenum and cobalt futures contracts.

2008-4- 16 10:6

Abbott, CEO of London Metal Exchange (LME), recently held the 7th Global Copper Conference in CRU, Santiago, Chile.

According to the industry conference, the exchange is considering launching molybdenum and cobalt futures contracts.

He said that LME is studying the introduction of molybdenum and cobalt futures contracts, but has not yet made a substantive decision. Even if you get it

Bulk, molybdenum and cobalt futures contracts will not be launched in 2008.

Abbott said that LME has not yet decided whether it will devote itself to ferromolybdenum or molybdenum oxide business.

He also revealed that LME is evaluating the establishment of a delivery warehouse in China and Shanghai, but has not yet worked out any details.

Scheme. He said that LME has a more substantial plan to extend the delivery period of copper futures contracts from the current 63 months to 123 months.