Download - V5-0412 LME Minor Metals Brochure-WEB
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 1/6
Minor MetalsLME Cobalt and LME Molybdenum
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 2/6
QuotationUS dollars per tonne
Settlement dates
• Dailyfromcashto3months
• Weekly(everyWednesday)from3monthsto6months
• Monthly(everythirdWednesday)from7monthsoutto15months
Clearable currenciesUSdollar,Poundsterling,Euro,Japaneseyen
Minimum price movementRing Outright$0.50 Carries$0.01
LMEselect Outright$0.25 Carries$0.01
Inter-oce Outright$0.01 Carries$0.01
Trading platforms:Ring tradingOpen-outcryorRingtradingisthecentralplatformwhere
LMEocialpricesareestablished
LMECobaltandLMEMolybdenumRingtradingtimes(UKtime):
• 12.20to12.25
• Includingdailykerbtrading
LMEselectLMEselectistheocialExchange-operatedelectronictradingplatform
openfrom01.00to19.00(UKtime)
Inter-oce telephone TheExchangesupportsaninter-dealertelephonemarketbetween
LMEmemberswhichoperates24hoursaday
Trading the LME Cobalt
and LME Molybdenum
contracts Trading eatures
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 3/6
Transparencyandpriceriskmanagementarenowavailabletothecobaltand
molybdenumindustriesfollowingthelaunchoftheLondonMetalExchange
cobaltandmolybdenumfuturescontractsin2010.
Withmorethan135yearshistory,theLMEistheworld’spremiermetalexchange,wherepricesdiscoveredduringregulatedtradingareused
asreferencepricesinthemajorityoftheworld’sphysicalmetalsmarket.
Ourcobaltandmolybdenumfuturescontractsprovideaccesstothemost
transparentpricesintheindustryandtheopportunitytomitigateriskand
managepricevolatilitythroughhedging.
LME Cobalt and
LME Molybdenum
uturesSetting a new industry benchmark
Hedging benefts
Members o the cobalt and molybdenum industries can benet
rom managing price risk on the LME to achieve a variety
o outcomes:
• Asprotectionagainstpricemovements
• Tooerlong-termxedpricesales• Improvebudgetforecastsofcostsandprots
• Turnyourstockintocashorsecurityfornance
Using the LME also ofers the opportunity to:
• Accessatransparentreferenceprice
• Protectphysicalstockagainstafallinprice
• Swapphysicalmaterialonalocationandbrandbasis
• AccesstheExchange’sdeliverymechanismasasourceofmaterial
intimesofextremeshortage,andasachanneltosellintimes
ofsurplus
Trading and price perormance
Trading date
LME minor metals closing prices (3 months)
$
p e r t o n n e
L ME Cobalt LME Molybdenum
Feb2010
Apr2010
Jun2010
Aug2010
Oct2010
Dec2010
Feb2011
Apr2011
Jun2011
Aug2011
Oct2011
Dec2011
Feb2012
28,00026,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
46,000
48,000
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 4/6
Contract specifcations
LME Molybdenum
Product specication
Molybdenumcontainedinroastedmolybdenumconcentrates(RMC)
Mo content
60%molybdenum+/-5%(Mocontent57-63%)
Impurity levels
Copper0.5%,lead0.05%,phosphorous0.05%,sulphur0.1%,carbon0.1%
Moisture 0.1%maximum
Lot size
6tonnesofmolybdenumcontainedinRMC
Delivery size
10tonnes(RMC),deliverablein200or250kgdrums
ofuniformsizeandweight
Delivery locations Rotterdam,Baltimore,Singapore
LME Cobalt
Co content99.3%cobaltandhigher
Impurity levels AsspeciedbyproducersofeachbrandintheLMEapprovedlist
ShapesCathodes(brokenorcut),ingots,briquettesorrounds
Lot size1tonne
Delivery size
1tonnelotsin100-500kgdrumsofuniformsizeandweight
Delivery locations Rotterdam,Baltimore,SingaporeandAntwerp
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 5/6
All trading on the LME takes place through LME member frms,
which include the world’s leading fnancial institutions and physical
trading companies. Members are divided into specifc categories,
each with dierent privileges (only category 1, 2 and 4 members
are allowed to issue LME contracts). They provide their clients with
a wide range o tailored services which enable them to manage
price volatility and beneft rom risk management activities.
What next?Contact an LME Category 1, 2 or 4 member frm directly.
A ull list o our members is available on the LME website at:
www.lme.com/membership
Or speak to us directlyChris Evans, Head o Business Development
LME Business Development
Email [email protected]
Tel +44 (0)20 7264 5555
You can also visit www.lme.com/minormetals for more information.
LME approved
minor metals brands Access to the LME
The producers below have brands approved for delivery against
the LME Cobalt and LME Molybdenum contracts:
Cobalt• CTT–CompagniedeTifnoutTiranimine
• GanzhouYiHaoUmicoreIndustriesCoLtd
• JiangsuCobaltNickelMetalCoLtd
• KaseseCobaltCompanyLtd
• LanzhouJinchuanAdvancedMaterialsTechnologyCoLtd
• MopaniCopperMinesPlc
• NantongXinweiNickel&CobaltHightechDevelopmentCoLtd
• NicometIndustriesLtd
• OJSCMMCNorilskNickel
• SichuanNi&CoGuorunNewMaterialsCoLtd
• SumitomoMetalMiningCoLtd
• ValeCanadaLtd
• VotorantimMetaisSA
• YantaiCashIndustrialCoLtd
Molybdenum• ChaoyangJindaMolybdenumCoLtd
• ChinaMolybdenumCoLtd
• ComplejoIndustrialMolynorSA
• JinduichengMolybdenumCoLtd
• MolibdenosyMetalesSA
• MolymexSAdeCV
• SadaciNV
• SeAHM&SCorp
7/30/2019 V5-0412 LME Minor Metals Brochure-WEB
http://slidepdf.com/reader/full/v5-0412-lme-minor-metals-brochure-web 6/6
The London MeTaL exchange LiMiTed | 56 Leadenhall Street, London EC3A 2DX
Tel +44 (0)20 7264 5555 | Fax +44 (0)20 7680 0505 | Email [email protected] V5.0/0412
Nothing in this document constitutes an
oer or a solicitation o an oer to buy or sell
any security or other fnancial instrument
or constitutes any investment advice or
recommendation o any security or other
fnancial instrument. To the best o the LME’s
knowledge and belie, statements made are
correct at the time o going to press.
All such statements and all opinions
expressed herein are published or the general
inormation o readers but are not to be taken
as recommendations o any course o
action. The LME accepts no liability or the
accuracy o any statement or representation.
LME contracts may only be oered or sold
to United States oreign utures and options
customers by frms registered with the
Commodity Futures Trading Commission
(CFTC), or frms who are permitted to solicit
and accept money rom US utures and
options customers or trading on the
LME pursuant to CFTC rule 30.10.
© The London Metal Exchange Limited,
2011. No portion o this publication
may be reproduced without written
consent. The London Metal Exchange
logo is a registered trademark o
The London Metal Exchange Limited.