Jump to ContentJump to Main Navigation
CommoditiesMarkets, Performance, and Strategies$
Users without a subscription are not able to see the full content.

H. Kent Baker, Greg Filbeck, and Jeffrey H. Harris

Print publication date: 2018

Print ISBN-13: 9780190656010

Published to Oxford Scholarship Online: March 2018

DOI: 10.1093/oso/9780190656010.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 October 2021



(p.194) 11 Metals

Greg Leonard

Oxford University Press

Metals and metal products have long been traded on commodity markets. Trading in futures and options, as well as forwards, swaps, and other derivatives, is available for about a dozen metals. Traditionally metals have been divided into precious metals and base metals, used in industrial applications. Today the precious metals silver, platinum, and palladium are also primarily used in industrial applications, while gold is still primarily used as a store of value. CME Group exchanges and the London Metal Exchange are the best-known exchanges for metals derivatives trading. In recent years, trading volumes in all metals on exchanges in China have increased tremendously, and these exchanges have begun to contribute to global price discovery. Steel has the largest production of the base metals, but on-exchange trading of steel and its precursor iron ore has become significant only in the last few years, with trading focused in China.

Keywords:   metals and metal products, commodity market, futures and options, base metals, iron and steel, gold

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .