Freeport McMoRan Copper & Gold Inc of the USA reported last week that the company revised its plans for Molybdenum sales in response to weakening market conditions. The projected sales of molybdenum by is declined by 12.5% in 2009 and 30% in 2010 respectively as compared to previous plans. For full story, click here For [...]
Read the full article: "Freeport revises moly sales plan"
Wednesday, December 17, 2008
Platts reported that the value of Chile’s exports of ferromolybdenum and molybdenum declined by 49.9% YoY to USD 179 million from USD 357.3 million in the same month of 2007, primarily due to steep decline in international molybdenum prices and lower production from Chile’s large copper mines, several of which produce the minor metal as [...]
Read the full article: "Chilean November molybdenum exports dip by..."
Monday, December 15, 2008
Slower Chinese buying impacted Ferro-molybdenum prices between last Wednesday and Friday; however, the US’s proposed $136 Billion infrastructure spending plan capped the downside. Western-grade Ferro-molybdenum fell to $24.50-26.50 per kg from $26-28 per kg previously, with the bulk of material sold towards the low end of the range.
Read the full article: "New pipelines will spell success for moly"
Monday, December 8, 2008
Molybdenum, a seemingly invincible metal this year finally took a hit in the fall as economic malaise spread. The alloying metal is down 65% this year, and this decline was seemingly overnight.
Read the full article: "Opportunity in times of crisis"
Tuesday, December 2, 2008
The global economic slowdown is affecting both the demand, and price for molybdenum. To cope, companies are planning output cuts and plotting new investment strategies. For the few companies that have a very strong financial position, they are on the look out for acquisitions.
Read the full article: "Molybdenum cuts continue"
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Wednesday, December 17, 2008