LME Cobalt

Data valid for 19 October 2018

LME OFFICIAL PRICES, US$ PER TONNE

Contract Bid (US$ / Tonne) Offer (US$ / Tonne)*
Cash 60250.00 60750.00
3-months 59750.00 60250.00
15-months 59500.00 60500.00

LME Official Prices Curve

SETTLEMENT EXCHANGE RATES

Currency Exchange rate
GB Pounds Sterling 1.3027
Japanese Yen 112.49
Euro 1.1467

LME OFFICIAL OPENING STOCKS IN TONNES

Stocks Amount
Opening Stock 738
Live Warrants 534
Cancelled Warrants 204

HISTORICAL PRICES GRAPH

Show historical data for

Contract specifications

Cobalt physical specification

Contract code CO
Underlying metal Cobalt with a minimum of 99.80% purity
Lot size 1 tonne
Prompt dates Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 15 months

Price quotation US dollars per tonne
Clearable currencies
US dollar, Japanese yen, sterling, euro
Minimum price fluctuation (tick size) per tonne
  Outright Carries
Ring $0.50  $0.01
LMEselect $5.00
$0.01
Inter-office $0.01
$0.01

Last trading day Up until the close of the first Ring the day before the prompt date
Settlement type Physical
Trading venues Ring, LMEselect, inter-office telephone

All contracts subject to LME rules and regulations and LME Clear SPAN margining.

Law / Regulation
English Law, with regulation by the LME and the Financial Conduct Authority (FCA). This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook which details the complete rules and regulations of LME contracts.

LME contracts may only be offered or sold to United States foreign futures and options customers by firms registered with the Commodity Futures Trading Commission (CFTC), or firms who are permitted to solicit and accept money from foreign futures and options customers from trading on the LME pursuant to CFTC Rule 30.10.

Arbitration
In the case of unresolved disputes, arbitration is effected via the LME arbitration procedure, and/or by other body agreed by the parties.

Reports 

A large range of price and trading information is available for market users on either a live or 30-minute delayed basis from licenced data distributors, or direct from our website.

Average prices

A summary of official and average prices for the previous month are published by close of business (London time) on the first business day of each month. Reports are available free for the current calendar year and can be purchased for previous years.

Volumes

Monthly volume reports demonstrate the substantial number of contracts traded on the Exchange each month. A report for the previous month is published in Excel format within the first seven business days of each month.  

Stocks

A summary of daily stocks levels for the previous month are published within the first seven business days of the following month.

Other reports

Access a range of daily trading reports including:

Live prices and data

A range of real-time and 30-minute delayed prices and data is available via subscription from licenced data distributors, or directly from the Exchange via LMElive.

LME Cobalt can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring:

Ring trading time - First session (UK)
1st Ring 12:20 - 12:25
Kerb Trading* 13:25 - 13:35
Ring trading time - Second session (UK)
Kerb Trading** 16:15 - 17:00
* All metals can be traded during the 13:25 - 13:35 Kerb trading session.


** Whilst Kerb trading takes place from 16:15 - 17:00 LME Cobalt ceases trading at 16:40.


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