LONDON London Metal
Exchange base metals futures trading volumes rose 12.4 percent
in 2012 compared with the previous year, with nickel contracts
recording the largest percentage increase with a gain of 38.6
Total base metals futures
contract trading volumes reached 154 million lots. Volume
increases were seen in nickel, which rose to 8.06 million lots;
copper, up 3.9 percent to 38.5 million lots; zinc, up 34.5
percent to 29.6 million lots; and lead, up 30.5 percent to 10.9
But aluminum and tin volumes
fell 0.7 percent and 2.4 percent, respectively, to 59.1 million
and 1.8 million lots.
The LME mini-contracts for
aluminum, copper and zinc didnt trade in 2012. In 2011,
copper trades reached 399 lots and zinc was at 11 lots, but the
mini-contract for aluminum didnt trade.
Trades for the newly launched
aluminum swap contract reached 15,079 lots in 2012. Copper,
zinc and nickel swap contract trades were at 30, 308 and 94
lots, respectively, while the lead and tin contracts remained
Cobalt futures trading volumes
more than doubled to 13,921 lots last year, while molybdenum
volumes fell 10.1 percent to 461 lots.
The minor metals contracts were
launched in 2010.
Gold futures volumes increased
fourfold to 100 lots.
A version of this article was
first published by AMM sister publication Metal