Introducing the new Fastmarkets-settled LME cobalt contract

Presented by

Charlotte Radford, Antonio Masiero

About this talk

Learn how Fastmarkets assesses the cobalt market and how you can manage your risk with the new LME cash-settled contract, launched on March 11th 2019. The new London Metal Exchange cash-settled cobalt contract is settled against Fastmarkets MB’s benchmark standard-grade low cobalt price and is referred to as LME Cobalt (Fastmarkets MB). Launched in response to the desire for more hedging tools, in the context of one of the most volatile periods the cobalt market has seen in years, the new Fastmarkets-settled cobalt contract on the LME will provide the market with the ability to manage their price exposure. Fastmarkets has developed strong auditable pricing processes and acquired type 1 IOSCO accreditation for its standard-grade cobalt spot price assessment, ensuring its position as the world’s most trusted and robust industry reference. Join us and the LME as we discuss: - Recent market trends - Key market and price drivers ahead for 2019 - The need for risk management in the cobalt market and how the new hedging instrument works - Why Fastmarkets prices were selected as the basis for the new contract - The difference between cash-settled and physically delivered cobalt contract Presented by: - Charlotte Radford, minors, ores and alloys editor, Fastmarkets - Antonio Masiero, product development manager, London Metal Exchange

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Fastmarkets has over 130 years of commodity expertise and aims to be the world’s leading and most trusted price reporting and intelligence service. Using transparent and auditable methodologies to report data and insights in a variety of industries, we provide interested parties with a clear picture on the markets and their effects on business and the supply chain.