Metal Bulletin published an article that explains why European ferromolybdenum prices have fared so well since the end of this year's first quarter.
Moly Market News Directory
Metal Bulletin reported that according to Herbert Wirth, president and CEO of KGHM Polska Miedz SA (WSE:KGH), his company is confident about molybdenum's long-term prospects.
Phys.org reported that researchers at Singapore's Rice University and Nanyang Technological University have found a "potentially scalable" way to make molybdenum diselenide layers that are just 1 atom thick.
Platts reported that although molybdenum oxide prices reached a nine-month high on Friday, some believe that consolidation will take place in the first half of April.
Metal Bulletin reported that European prices for both molybdic oxide and ferromolybdenum took off today on the back of a shortage of raw materials and producers' reluctance to sell.
Platts reported that even though the World Trade Organization (WTO) has ordered China to remove export restrictions on rare earths, molybdenum and tungsten, the country is unlikely to "reclaim its position as a major exporter of molybdenum oxide and ferromolybdenum."
Mineweb reported that according to Peru's Ministry of Energy and Mines, the country's molybdenum, copper and tin production rose in January. Zinc and gold output, however, did not fare so well.
RedOrbit reported that new research out of the University of Warsaw indicates that layers of molybdenum disulfide (MoS2) may perform better than graphene in electronics applications.
Reuters reported that China Molybdenum Company Ltd. (HKEX:3993) believes that strong demand from steel mills will provide support for molybdenum prices this year.
Platts reported yesterday that according to the International Molybdenum Association, in the third quarter of 2013, global molybdenum consumption came to 134.1 million pounds, up about 1 percent from the previous quarter.