LME's draft specs for cobalt, moly contracts

Newswire

LONDON, July 29 (Reuters) - The London Metal Exchange published on Wednesday its latest draft specifications and brand listing guidelines for the cobalt and molybdenum contracts to be launched in February 2010. "The LME has been working closely with the minor metals industry to develop contracts that best serve its needs," said Liz Milan, commercial director at the LME. "The contracts build on best industry practice and will bring price transparency and new risk management techniques to ...

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