One lot of molybdenum was traded three months forward at 08:30 GMT with a traded price of $35,000 per tonne. Cobalt, meanwhile, has seen several trades with two lots traded at 08:35 GMT for the 21 July at $43,650 per tonne, two lots at 08:45 GMT for 16 June at $43,650 per tonne, one lot at 08:56 for the 21 May at $41,800 per tonne, and one lot at 09:54 traded three months forward at $39,650 per tonne.

Cobalt has many applications such as the production of catalysts, batteries, chemicals, alloys and dyes. Molybdenum is widely used as an alloy agent in stainless steel. It is also used to manufacture aircraft parts and industrial motors.       

~Ends~

For further information about LME minor metals, please click here: LME minor metals - or to speak to an LME spokesperson, please contact:

Stephen White
Business Manager Corporate Affairs
t. +44 (0)20 7264 1701 / +44 (0)7980 661 724
e. stephen.white@lme.com

John Parry - RostronParry
t. +44 (0)207 490 8062 / +44 (0)7802 292251
e. john@rostronparry.com

About the London Metal Exchange

The London Metal Exchange is the world's premier base metals market. It offers metals price risk management tools including futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and the minor metals - cobalt and molybdenum. In 2009, the total value of trading was $7.41trillion, and the Exchange finished the year with 5.96m tonnes of material on warrant in 633 storage facilities across 39 locations globally.
http://www.lme.com/