The London Metal Exchange (LME) launched extended prompt dates for Standard Lead contracts.  Standard Lead will be traded out to five years, which is an extension from 15 months.

“The extensions of the prompt dates are the culmination of a long period of research and analysis by the LME. There is already significant OTC activity in these contract prompt dates. Bringing this activity into the LME environment will give market participants the increased flexibility of greater transparency, access to liquidity and the benefit of risk management that clearing offers.”

Read the entire article here.

The Official and Unofficial prices remain unchanged. However, the Exchange will publish a new 27 month reference price for Standard Lead. The LME will establish and publish Closing Prices for the additional months.