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    Top stories across markets

    The base metals were consolidating recent gains but generally holding up near high ground this morning, Thursday November 19 – this despite some nervousness emerging in wider markets about the rapid spread of Covid-19.

    Fastmarkets has partnered with CME Group to launch a cash-settled cobalt contract to be settled against Fastmarkets’ daily benchmark cobalt price assessment.

    Fastmarkets, the industry-leading cross-commodity PRA, announced on Thursday November 19 that CME Group has chosen Fastmarkets as the PRA for its new cash-settled cobalt futures contract, which will launch on December 14, pending regulatory review. The new contract will be listed on and subject to the rules of COMEX and settled against the benchmark daily standard-grade cobalt price assessed by Fastmarkets.

    The benchmark three-month aluminium price on the London Metal Exchange fell just short of the $2,000-per-tonne mark at the 5pm close on Wednesday November 18, ending the day at $1,998 per tonne, up by 1% from the previous day’s close.

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    Browse our special interest content hubs to get deeper insights into the biggest issues across commodity markets

    We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals

    Purple, Texture, Lighting

    The definitive podcast for the critical minerals and battery raw materials markets. From uncovering market secrets to predicting future trends using Fastmarkets forecasting data, we’ve got you covered.

    In Hotter Commodities, special correspondent Andrea Hotter cuts to the chase on the biggest stories impacting the natural resources sector, what it means for the markets, the key risks and opportunities.

    Fastmarkets combines the commodity intelligence of these familiar names:

    Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • Hardwood Market Report
    • FastMarkets and more

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