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Our Fair-trading policy creates links between market forces, such as the London Metal Exchange monthly average price for nickel or copper, and the price we pay the producer of spent catalysts containing those metals. We also link the prices to recognised monitors of currency fluctuations and other factors that are relevant to trade. All such factors are described in commercial contracts that may be as short as a one-off load (spot lot), a medium-term of, perhaps, a year, or a long term of 3 - 5 years.
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