Moly Investing News » Global shortage to prevent Moly prices from falling

Global shortage to prevent Moly prices from falling

August 29, 2008 @ 7:02 am In Moly Market News

China Molybdenum Company reported that a global shortage of 2,000 tonnes in 2008 will prevent prices from declining.

Mr Wu Wenjun, GM of China Molybdenum, said:

Production may decline in Chile and China, ensuring that a deficit will last for quite a while.

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