The London Metal Exchange has named Chilean processing firm Molymet as the first listed brand for its forthcoming molybdenum contracts.
The bourse has listed roasted molybdenum concentrates from Molymet’s Nos roaster in Chile, its Molymex roaster in Mexico and its Sadaci roaster in Belgium. The firm also has a factory in Germany.
The LME hopes to launch its physically settled molybdenum and cobalt futures on February 22. It is evaluating other brand listings for molybdenum contracts, having...