|
Molybdenum is commonly a by-product of copper mining. It has the ability to withstand extreme temperatures and has a high resistance to corrosion. Molybdenum is widely used as an alloy agent in stainless steel. It is also used to manufacture aircraft parts and industrial motors.
In response to industry demand for an exchange based price risk mechanism the LME commenced trading molybdenum futures in February 2010.
Molybdenum is traded on all three LME trading platforms: in the Ring, on LMEselect and the inter-office telephone market.
Official Prices that reflect the underlying supply and demand in the physical market are determined in the Ring and can be used by the Industry as a reference price.
The LME molybdenum futures contract specifications have been designed in conjunction with industry professionals across the world.
|
