| | Fri Oct 17, 2008
DJ FOCUS: Molybdenum May Hold Value Amid Base Metals Slump
Publisher: Dow Jones Newswires
Author: Matt Whittaker
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| | Thu Sep 4, 2008
UPDATE 2-London Metal Exchange expands into minor metals
Author: Julie Crust and Karen Norton
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| | LONDON, Sept 4 (Reuters) - The London Metal Exchange (LME) said on Thursday it would launch two minor metal futures contracts, molybdenum and cobalt, in the second half of 2009.
"The announcement heralds another new area in which the Exchange can provide transparent pricing and risk management to market participants," LME Chief Executive Martin Abbott said.
"Minor metals have been discussed by the exchange for some time, and fit with our core products as they are extracted with them," he said in a statement.
"The volatility in these markets in recent times has highlighted the need for an exchange traded product, which the LME is best placed to provide."
The two minor metals are by-products of copper and nickel production, non-ferrous metals already traded on the exchange, which is home to the last open outcry trading floor in London.
In June, Rio Tinto Plc (RIO.L: Quote, Profile, Research, Stock Buzz) said it would invest $270 million to build a molybdenum facility at its Kennecott Utah copper Bingham Canyon operation to take advantage of strong demand for the metal. [ID:nWNAS7908]
A spokesman for Rio Tinto welcomed the LME's move.
"Anything that makes the market more transparent and easier to understand is going to be welcome," he said.
About 75 percent of global annual molybdenum output goes into the production of stainless steel, where demand has been driven by emerging market countries, such as China, as they invest in infrastructure.
One trader said the introduction of the new contracts could lead to more erratic trading.
"If anything, it will create a more volatile market and in the short term lead to higher prices," said a trader from a major London trading house.
"A big percentage of the market would be in the hands of the hedge funds, I can't see how consumers would benefit," he added, referring to cobalt.
Cobalt is used mainly in aircraft parts and batteries.
The LME trades non-ferrous metals, including its flagship copper contract, steel and plastics through open outcry, an inter-office telephone market and its own electronic trading platform Select.
It said the new minor metal contracts would offer all the benefits of an exchange traded product, allowing participants access to a transparently derived price and the ability to manage price risk.
Earlier this year, the 131-year-old exchange launched two steel billet futures contracts to take advantage of a market that has grown about 40 percent since 2000.
(Editing by Christopher Johnson)
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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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| | Tue Aug 12, 2008
Newsletter - July 2008
Publisher: International Molybdenum Association
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| | - http://www.imoa.info/_files/newsletter/IMOA_Newsletter_07_2008.pdf
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| | Fri Aug 1, 2008
The metal that has no equals
Publisher: CommodityOnline
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| | - http://www.commodityonline.com/news/This-metal-that-has-no-equals-10833-3-1.html
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| | Thu Jul 10, 2008
CPM says global molybdenum supply deficits will grow in 2009 and 2010
Publisher: Mineweb
Author: Dorothy Kosich
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| | - http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=56480&sn=Detail
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| | Mon Jun 23, 2008
Molybdenum: Mighty Tough
Publisher: HardAssetsInvestor.com
Author: Tom Vulcan
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| | - http://www.hardassetsinvestor.com/features-and-interviews/927-molybdenum-tough-mighty-tough.html
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| | Thu Jun 5, 2008
Mining Boom Sweeps Western Provinces
Publisher: Supply Post
Author: Graham Chandler
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| | - http://www.supplyline.com/FPStory.aspx?ID=121
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| | Fri May 23, 2008
Chinese moly oxide prices nudge up on tighter feed supply
Publisher: Platts
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| | - http://www.platts.com/Metals/News/8757181.xml?src=Metalsrssheadlines1
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| | Thu May 15, 2008
Mining Industry TV
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| | - http://www.rocamines.com/i/rocavideo/index.html
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| | Roca's MAX Molybdenum Mine was featured on the May 17/18 episodes of Mining Industry TV.
For those outside of the broadcast areas, a segment from the program may be viewed by clicking on the link above. Other segments from the show are available through the Mining Industry TV website:
http://www.miningindustrytv.com
Mining Industry TV airs weekly as follows:
Saturdays 11:30 a.m. Global Vancouver
Saturdays 5:30 p.m. CityTV Toronto
Saturdays 11:30 a.m. City TV Winnipeg
Saturdays 4:00 p.m. CityTV Calgary & Edmonton
Sundays 11:30 a.m. CHFM Thunder Bay
Sundays 8:30 a.m. E! CHEK Vancouver Island
Wednesdays 6:00 p.m. Cox 48 Las Vegas |
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| | Wed May 14, 2008
The Race To Reach Deep Oil
Publisher: Macleans
Author: Charlie Gillis
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| | - http://www.macleans.ca/business/companies/article.jsp?content=20080514_116482_116482&page=1
- http://www.imoa.info/moly_uses/moly_grade_alloy_steels_irons/oil_country_tubular_goods.html
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| | Molybdenum-laden steel is widely used in the exploration and delivery of various forms of petroleum resources. The Macleans article delves into the efforts being made to define further petroleum reserves.
The IMOA link demonstrates how molybdenum is used in various components used to discover and deliver oil and gas. |
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| | Fri May 9, 2008
The Energy Metal
Publisher: The Daily Reckoning
Author: Chris Mayer
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| | - http://www.contrarianprofits.com/articles/the-energy-metal/
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| | Sun Apr 27, 2008
Molybdenum Mining - MAX mine and mill reach commercial production
Publisher: Canadian Mining Journal
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| | - http://www.canadianminingjournal.com/issues/ISArticle.asp?id=83387&issue=04272008
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| | Tue Apr 15, 2008
Investment Insight
Publisher: The Campbell Report
Author: Grant Campbell
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| | - http://www.campbellreport.com/members/articles/2008-apr/Apr15-Aggressive.htm
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| | In his monthly report, Grant Campbell discusses molybdenum and adds Roca Mines (ROK) to his "Aggressive" portfolio. |
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| | Mon Apr 14, 2008
Ocean freight up on China, world steel demand
Publisher: Reuters UK
Author: Stefano Ambrogi
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| | - http://uk.reuters.com/article/oilRpt/idUKL1411217520080414?pageNumber=2&virtualBrandChannel=0&sp=true
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| | Tue Mar 4, 2008
Energy Sector Fires Up Demand for Moly
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| | - http://www.resourceinvestor.com/pebble.asp?relid=40945
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