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17 December 2009
The London Metal Exchange (LME) 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.
“We welcome these latest brand listings, which together with those in cobalt show that momentum continues to build in advance of the contracts’ launch date in February,” said LME new products manager Chris Evans.
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 February 22nd 2010 and will provide transparent pricing and risk management tools for the molybdenum and cobalt industries.
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For full details of the contracts, please visit www.lme.com/minormetals or contact:
Stephen White
Business Manager Corporate Affairs, LME
t. +44 (0)20 7264 1701 / +44 (0)7980 661 724
e. stephen.white@lme.com
Chris Evans
Business Manager for Minor Metals, LME
t. 44 207 264 1735
e. chris.evans@lme.com
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