New China Dragon to Hike 2011 Ferromoly Output 25% to 15,000 Mt
Platts reported that New China Dragon intends to increase its output of ferromolybdenum by 25%.
Articles Tagged "ferro molybdenum"
Canyon Copper Corp. Announces Conditional Approval to List on TSX Venture Exchange
Canyon Copper Corp. (OTCBB:CNYC) reports that it has received conditional approval from the TSX Venture Exchange to list as a Tier 1 Mining Issuer.
Moly Surpluses and Price Volatility
After low prices enticed China to become a net importer of molybdenum, surpluses built up may cause price stagnation in 2011. Steel demand is slated to grow in 2011, just at a slower rate than seen in the past few years.
Avanti Mining Issues Shares
Avanti Mining Inc. (CVE:AVT) reports the issuing of shares.
Low Inventories have molybdenum poised to recover
Ferro-molybdenum and molybdic oxide continued their rally this past week, as frightening low stockpiles have traders worried that if the purchases accelerate, there simply won’t be enough moly to go around.
Moly miners take control of fundamentals
Molybdenum miners may dramatically slash output in an effort to coax a rebound in the price of the alloying metal, priming the industry for a rapid price ascent when stainless steel demand rebounds.
Importers undercutting China’s domestic producers
Imports of molybdenum into China surged in February as overseas sellers stepped up competition with Chinese producers. Imports of moly have surged because Chinese producers have found themselves largely unable to compete with cheaper import offers.
New pipelines will spell success for moly
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.
