As prices surge for the raw materials used in iPods, laptops and steel products, Bloomberg reported that London Metal Exchange may decide next week to begin trade in cobalt and molybdenum futures.

Mr Evans was quoted as saying:

We have seen a lot of interest from industry participants, from miners through to consumers and traders. Molybdenum and cobalt are byproducts of metals that already trade on the exchange so launching them should be considerably easier.

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