The future of Molybdenum demand gained some extra security with the likelihood of new applications in the short term. Even as other metal prices eased off in recent weeks and months, molybdenum has held its highs, in part because of its wide gamut of uses.
The London Metal Exchange will start trading molybdenum futures next year. A person with knowledge of the matter said: The contracts will begin in the second half. For full story, click here
The London Metal Exchange will add molybdenum to its arsenal in the second half of 2009. The move was announced on Sept 4th, when the LME board voted in favour of adding both molybdenum and cobalt to its futures trading. The move was met with mixed reviews.
TTM Resources Inc. is a Vancouver, British Columbia; Canada based publicly trading resource Exploration and Development Company, focused on four assets in British Columbia, Canada.
As prices surge for the raw materials used in iPods, laptops and steel products, Bloomberg reported that London Metal Exchange may decide next week to begin trade in cobalt and molybdenum futures. Mr Evans was quoted as saying: We have seen a lot of interest from industry participants, from miners through to consumers and traders. [...]
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