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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? Contracts for minor metal molybdenum are to start trading on the London …
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?
Contracts for minor metal molybdenum are to start trading on the London Metal Exchange from February 22, but the world’s No 2 producer of moly, Chile’s Codelco, has taken a stand that it will stay away and not hedge against price risk.
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| Commodities | |||
|---|---|---|---|
| Gold | 2357.76 | -5.95 | |
| Silver | 28.18 | +0.05 | |
| Copper | 4.28 | +0.02 | |
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