Baosteel inks ferromolybdenum pact with 2 suppliers Wednesday, 13 Jan 2010
"It is reported that Baosteel has signed long term cooperation agreements with two FeMo suppliers, ie. China Molybdenum Co Ltd and Luanchuan Longyu Molybdenum Co Ltd."
"As per report, the two sides have reached consensus on communication, purchasing, supplying and after-sales services and vowed to broaden cooperation, resist market risks and seek maximum profits. The agreements will be valid for three years."
(Sourced from www.Mysteel.net)
MOL Price at posting:
$1.03 Sentiment: ST Buy Disclosure: Held
