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LME to launch six cash-settled contracts in June next year

·1-min read
FILE PHOTO: Traders work on the floor of the London Metal Exchange, in London

LONDON (Reuters) - The London Metal Exchange (LME) said on Monday it planned to launch six cash-settled futures contracts on June 14, 2021.

It said in a notice to market participants that these contracts were for European aluminium premiums, U.S. aluminium scrap, lithium hydroxide, European hot rolled steel, steel scrap in India and steel scrap in Taiwan.

The LME is the world's oldest and largest market for industrial metals.

It said last week it would push ahead with plans to support sustainable metal production starting with the roll-out by mid-2021 of a digital register to store carbon-related details of aluminium.

(Reporting by Peter Hobson; editing by David Evans)