Japanese Demand for Moly to Fall 10-15 Percent

Platts reported that Japan’s demand for molybdenum oxide powder is expected to fall by 10-15 percent year-over-year, pushed down by potential slowdown in the automotive industry.

As quoted in the market report:

One major automaker said the company’s preliminary demand outlook for 2013 was stable, but moly industry sources, who supply steel to automakers, said they are not as confident as their customers on a stable outlook.

To view the whole Platts report, click here.