Junior Mining Companies To Benefit From LME Rule Change

An important change is coming to the London Metal Exchange [LME] in September. As from September 29th, the biggest and by far the most important copper trading ring in the world is extending future contracts on the red metal to 123 months out, i.e. 10 years into the future. Presently, copper futures contracts at the LME are available up to 63 months into the future. The LME is also extending contracts on Aluminium to 10 years, and Zinc, Lead and Nickel to 5 years. Therefore what follows can equally be applied to the Alu sector, and also in part to Zn, Pb and Ni, but for the sake of simplicity (I ballpark quite a lot through this post out of necessity, as you'll see), I'm going to stick with copper as my example.

Here's the current 27 month futures price chart for copper: