first molybdenum brands listed on the lme, page-2

The prices of both cobalt and Moly seem to be firming ahead of the listing on the LME. But Mo still has a long way to go to get back to the average over the last three years (the price used by MOL to justify their project). The Polish project would look totally different with a US25 per lb. Watch the LME opening price and the level of stocks.

STZ would benefit from a stable market for molybdenum and a forward contracts. From what I hear there there seems to a few investment bankers around looking for the right project. Lets hope the directors know how to sell a mining project. TFP