Some interesting news. Moly contracts will start on 22 Feb.
"First Molybdenum Brands Listed On The LME 03/02/10
The London Metal Exchange has listed its first molybdenum brands for delivery against the LME?s new molybdenum contract. The exchange has listed roasted molybdenum concentrates from Molymet?s Nos roaster in Chile, from its Molymex roaster in Mexico and from its Sadaci roaster in Belgium.
The LME is currently evaluating other brand listings for molybdenum and in recent weeks has approved cobalt brands from the following producers: Vale Inco, Votorantim Metais Niquel, Sumitomo Metal Mining and Jinchuan Group.
The LME contracts for minor metals are due to launch on 22 February 2010 and will provide transparent pricing and risk management tools for the molybdenum and cobalt industries."
STZ Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
