China Molybdenum Product Imports Down
Platts reported that imports of moly ore and concentrates to China are down 25.5% on the year.
Moly Market News Directory
Weak Market Hurts Moly Oxide Price
Platts reported that molybdenum oxide prices fell due to pressure from a slower ferrochrome market.
Quiet Trade in Moly Oxide As Offer-Bid Gap Widens
Platts reported that molybdenum oxide trading was slow as the gap between bids and offers widened.
Climax Molybdenum Mine Begins Production Again
Denver Post reported that Freeport McMoRan's (NYSE:FCX) Climax moly mine has reopened and is producing molybdenum concentrate.
China Molybdenum Moves Closer to IPO in Shanghai
MarketWatch reported that China Molybdenum Co.'s (HSE:3993) plan for a Shanghai IPO is currently under review by China's securities regulator.
Lower Molybdenum Sales Hurt Thompson Creek’s Profits
Winnipeg Free Press reported that Thompson Creek Metals' (TSX:TCM) first quarter profits fell due to slower sales.
Indonesia To Ban Molybdenum Exports As Of May 6
Bloomberg reported that Indonesia's ban on unprocessed metals, including molybdenum, will begin on May 6.
Dart Mining Pleased with Progress at Mount Unicorn
ABC News reported that Dart Mining (ASX:DTM) said drilling at the Mount Unicorn moly project is proceeding well.
Asia Moly Oxide Buyers Anticipating Price Drop
Platts reported that traders were stalling on Asia moly oxide contracts, expecting prices to fall next week.
China Ferromoly Price Stays Flat for Four Months
Platts reported that prices for China ferromoly products haven't changed in price since the beginning of the year.
