SCB Group is pleased to announce the launch of Molybdenum Oxide (Platts) Futures by The Chicago Mercantile Exchange (CME).
SCB supported the development of the futures market for Molybdenum Oxide, making the case for a financial derivatives product.
At the announcement of the launch of the first futures contract on CME for Molybdenum, SCB’s Broker Robin Tisserand said,
“We are extremely happy to finally see the launch of this contract that we have been working on with market participants and the CME for over a year. This futures contract is an important way to bring transparency to the market and enable our customers to hedge their Molybdenum physical flows against price volatility.”
– Robin Tisserand, SCB Broker
Molybdenum is used for stainless steel production and has a role in the development of renewable energy technologies, particularly wind power generation.
“This is an important tool, ultimately allowing more companies to support the green energy transition.”
– Leon Hoffmann, SCB Broker
CME
The CME is the largest options and futures contracts open interest exchange of any futures exchange in the world. Also known as ‘the Merc’ it trades financial instruments including interest rates, equities, currencies, and commodities.
SCB Group
SCB has more than 17 years’ experience in the global renewables and commodity markets. With an industry-leading team and more than 100 employees, across offices in Chicago, London, Singapore and Geneva, SCB is a world-leading low carbon commodity company. It provides market-based carbon trading solutions to assist clients in achieving their sustainability goals and supports the financing of high-integrity and quality emission reduction and removal projects. SCB is one of the top three biggest global Battery Metals brokers, also covering cobalt and lithium.
To contact our broker team: LowCarbon@starcb.com
For media enquiries, contact: Marketing@starcb.com
