Molybdenum, which is used to strengthen steel, sold on the spot market at a monthly average of almost $33/lb during the first half of last year, and actually was as high as $33.50/lb in daily trading. But, the spot price slipped to $25 in the second half and continued falling earlier this year - bottoming around $8/lb in April. Analysts predict the price at $12/lb in a couple of months.
Continue reading "China Chasing Chile For Moly"
Monday, June 15, 2009
Platts declared that the molybdenum oxide market in Europe was steady last week with higher prices talked but little consumer business concluded. For full story, click here
Continue reading "European Molybdenum Oxide market has remained steady"
Friday, May 29, 2009
Molybdic oxide and ferro-molybdenum have edged higher on Friday as demand from Asia remained strong and European consumers continued to creep back into the market. For full story, click here
Continue reading "Molybdic Oxide and ferro-moly surged on stronger demand"
Friday, May 8, 2009
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
Continue reading "European Ferromolybdenum prices surged on rising demand"
Tuesday, February 24, 2009
European molybdenum price declined below USD 9 per pound for the first time in 5 years, staying at USD 8.9 per pound to USD 9.4 per pound. For full story, click here
Continue reading "European Moly prices dip to record low in 5 years"
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Monday, October 5, 2009