LME Cobalt and Molybdenum Surpass 10,500 Lots Traded
London Metal Exchange reported that over 10,000 lots of moly and cobalt were traded since 2010.
Articles Tagged "london metal exchange"
Growth in the Molybdenum Market
Analysts are bullish for the future of the molybdenum market stemming from growth projection in China. Steel demand, and consequently, demand for moly is expected to grow by 9 percent through 2012.
What Lies Ahead For Moly?
Molybdenum is set to trade on the London Metal Exchange from February 22, but the world's No 2 producer Chile's Codelco has decided to stay away. Why does the miner want to go it alone? Are shaky copper prices to blame?
Moly Prices Set To Be Firm
Prices are set to follow an upward trend in 2010. Prices for oxide are forecast to average US$ 17/lbMo, rising to above US$ 20/lbMo in 2011, as strong demand willl ensure producers follow suit and hike prices.
Moly Poised For Massive Comeback
Moly has been priced too low as compared to other minerals already traded in the futures market. The added sauce to the coming moly price surge will be a sure-fire winner for speculators. You in?
Weak steel demand takes a bite out of molybdenum
Molybdenum prices are currently hovering around the $9 per lb mark, a drastic decline from last Augusts’ high of $34. Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall.
Molybdenum’s market value catches London Exchange’s eye
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.
