CEO Finance Consult Manager
Industrial Metals Hard Commodities
Industrial metals are a class of metals that are used in a wide range of industrial and commercial applications. They are often referred to as hard commodities because they are mined and processed from the earth's crust.
Industrial metals are essential for the global economy, as they are used in the manufacturing of a wide variety of products, including cars, airplanes, buildings, and electronics.
Company trading options for industrial metals
- Iron ore: Iron ore is typically traded in the form of futures contracts on commodity exchanges. Futures contracts are agreements to buy or sell a certain quantity of a commodity at a predetermined price on a future date. Iron ore futures contracts are typically traded on exchanges such as the Shanghai Futures Exchange (SHFE) and the Singapore Exchange (SGX).
- Copper: Copper is typically traded in the form of futures contracts and options contracts on commodity exchanges. Copper futures contracts are agreements to buy or sell a certain quantity of copper at a predetermined price on a future date. Copper options contracts give the buyer the right, but not the obligation, to buy or sell a certain quantity of copper at a predetermined price on or before a certain date. Copper futures and options contracts are typically traded on exchanges such as the London Metal Exchange (LME) and the Comex division of the Chicago Mercantile Exchange (CME).
- Cobalt: Cobalt is typically traded in the form of futures contracts on commodity exchanges. Cobalt futures contracts are agreements to buy or sell a certain quantity of cobalt at a predetermined price on a future date. Cobalt futures contracts are typically traded on exchanges such as the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE).
- Lithium: Lithium is typically traded in the form of futures contracts and options contracts on commodity exchanges. Lithium futures contracts are agreements to buy or sell a certain quantity of lithium at a predetermined price on a future date. Lithium options contracts give the buyer the right, but not the obligation, to buy or sell a certain quantity of lithium at a predetermined price on or before a certain date. Lithium futures and options contracts are typically traded on exchanges such as the London Metal Exchange (LME) and the Comex division of the Chicago Mercantile Exchange (CME).