Moly prices aren’t expected to rebound soon
Analysts are slashing long-term price forecasts for molybdenum because of expected weak demand this year and next from producers of carbon, alloy and stainless steel. For full story, click here
Articles Tagged "demand"
European Ferromolybdenum prices surged on rising demand
Ferromolybdenum and molybdenum prices in the European market have kept its uptrend last week due to strong demand from China. For full story, click here
Miner Thompson Creek cautiously optimistic on moly outlook
Miner Thompson Creek has seen a slight firming of demand and prices for its molybdenum in recent weeks. But he cautioned that, while this is encouraging, it is still too early to talk about a recovery. For full story, click here
China Demand keeping moly afloat
Continued demand from China is the only thing keeping molybdenum prices from dwindling further, despite reports that imports there have faded on weak demand and lower prices from domestic producers. For full story, click here
Molybdic oxide prices set to recover with steel
Marcelo Awad, Antofagasta Minerals SA’s chief executive officer forecasted that the molybdic oxide prices will recover above $20 a pound once steel market demand returns. For full story, click here
Global molybdenum oxide prices dip on slow demand
Platts declared that molybdenum oxide and ferromolybdenum prices lowered this week amid weak demand in Asia, Europe and North America and on signs that Chinese buying of oxide may be slowing. For full story, click here
Weak steel demand takes a bite out of molybdenum
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.
Will the stimulus jumpstart molybdenum?
The steel sector has been deeply impacted by the global economic climate; with an approximate 50% decline in production. Moly, as an important alloy, is following suit.
Market price of Moly oxide declined steeply
Market price of molybdenum oxide in Q4 2008 had suddenly fallen steeply due to sudden and considerable shrink in global demand. For full story, click here
