Articles Tagged "concentrates"

7 Major firms produce 55.9 mln pounds of Moly in Q1

Reports reveal that the total quantity of molybdenum in molybdenum concentrate produced by 7 major molybdenum mining companies of the western world in January to March quarter of 2009 came to 55.90 million pounds, down by 20% YoY as compared with that of 69.29 million pounds in the same quarter of 2008. For full story, [...]

Molybdenum’s route for a slow recovery

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.

Government stimulus could boomerang moly

As the shock waves spread around the global economy; many analysts are starting to hedge their bets on when a recovery will start. In their Global Metal’s Report released this week, Morgan Stanley gave their take on the near future for the molybdenum market.

Molybdenum’s decline leaves few strong contenders

Molybdenum prices have crashed from a high of $35 per pound at the end of October down to the recent level oft US $12 per pound. This represents the worst decline when it comes to commodity prices; a 53 percent drop to be exact.

Opportunity in times of crisis

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.

Moly’s price plummet

Molybdenum has gone from an obscure metal, to a high performer garnering the attention of the LME, and then back to an undervalued alloying metal. Once an overlooked player in the investment arena, interest in moly picked up when worldwide spending on infrastructure took off, sending the metal’s price to new heights.