This should help co's like fco.....

"The London Metal Exchange (LME) recently announced that it will begin spot and futures trading of cobalt on February 22, 2010. Although some predict initial volatility when cobalt starts LME trading (http://www.formcap.com/s/CobaltNews.asp) the overall consensus seems to be that the historic volatility and lack of transparency in the cobalt markets may soon be coming to an end. Chris Evans, formerly of Metal Bulletin who produced the bi-weekly cobalt price, who now works at the LME, stated recently in an article on the LME and cobalt, “While I wouldn’t want to cast the LME as the lifeguard to the cobalt industry, fending off the attack of sharks, I do think that the market gyrations of the past year perfectly illustrate how a LME contract could help the industry manage volatility better.” At the very least, this not only creates a transparent market for their cobalt produced, but it will also allow Formation Capital to enter into forward sales contracts giving management, analysts and financiers a better tool for predicting future earnings and economics of their cobalt project."