Molybdenum is set to trade on the London Metal Exchange from February 22, but the world's No 2 producer Chile's Codelco has decided to stay away. Why does the miner want to go it alone? Are shaky copper prices to blame?
Continue reading "What Lies Ahead For Moly?"
Thursday, April 30, 2009
Chilean state-owned copper giant Codelco has expected molybdenum revenue to dip 75% this year. For full story, click here
Continue reading "Codelco’s moly revenue to dip 75% in ’09"
Wednesday, March 18, 2009
Government spending will spark a recovery in steel demand towards the end of the year; but its mark on the molybdenum market will be limited. Demand for molybdenum in China likely will rise 6 percent in 2009, then slip to 52,800 tonnes in 2010 before growing again in 2011.
Continue reading "Molybdenum’s route for a slow recovery"
Friday, March 13, 2009
Codelco of Chile reported that it produced 21,000 tonnes of molybdenum in molybdenum concentrate in the full year of 2008, down by 25% YoY as compared with that of 28,000 tonnes in the preceding year of 2007. For full story, click here
Continue reading "Codelco 2008 molybdenum output dips by 25% YoY"
Monday, March 9, 2009
Molybdenum prices are currently hovering around the $9 per lb mark, a drastic decline from last Augusts’ high of $34. Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall.
Continue reading "Weak steel demand takes a bite out of molybdenum"
Wednesday, March 4, 2009
Chile’s Codelco revealed a sharp decline in its pre-tax profits last year to US$4.97bn from US$8.45bn in 2007. Codelco’s molybdenum production dropped to 21,000t in 2008 from 28,000t the prior year. For full story, click here
Continue reading "Codelco 2008 earnings shrink to US$4.97 billion"
Tuesday, November 4, 2008
Japan wants to test the moly market, and will do so by issuing a temporary cut in the November nickel stainless molybdenum (SUS316) steel output. Output will be cut approximately 10%, and for the time being, the curb in production will only last a month to see how the market reacts.
Continue reading "Japan tests the molybdenum market"
Sunday, September 21, 2008
The past week was arguably the most volatile in market history, however, molybdenum managed to continue its recent trend of holding steadfast despite the market’s hiccups. This was a week that saw stocks and commodities across the board plummet.
Continue reading "Moly steady as market experiences a wild ride"
Friday, September 12, 2008
The future of Molybdenum demand gained some extra security with the likelihood of new applications in the short term. Even as other metal prices eased off in recent weeks and months, molybdenum has held its highs, in part because of its wide gamut of uses.
Continue reading "Moly will hold its position through 2008"
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Thursday, February 18, 2010