New LME 3-mth cobalt contract trades at $41,800/T

Newswire

LONDON, Feb 22 (Reuters) - The London Metal Exchange's new three-month cobalt contract traded at $41,800 a tonne on Monday, while three-month molybdenum futures traded at $35,000 a tonne.

That compares with a level around $44,640 a tonne for Russian grade cobalt last week on the spot market in Europe and molybdenum oxide at $36,375 a tonne.

(Reporting by Pratima Desai;editing by Keiron Henderson)

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