Platts reported that Japanese molybdenum consumers are eyeing April term moly contracts in order to replenish stocks.
Continue reading "Low Stocks Prompt Japanese Steelmakers to Seek Term Contracts"
Thursday, January 19, 2012
Platts reported that some molybdenum buyers in Japan are reducing their inventories.
Continue reading "Japanese Moly Purchasers Trying to Destock"
Friday, December 2, 2011
Platts reported that demand for lower-grade cargoes have cause Japan ferromoly prices to fall.
Continue reading "Japan Ferroalloy Prices Weaken as Buyers Seek Off Spec Cargoes"
Tuesday, August 23, 2011
The Denki Shimbun reported that the Japan Atomic Energy Agency is proceeding well on its development of a method for domestic production of molybdenum.
Continue reading "Solid Prospects for Development of Molybdenum Production Method"
Tuesday, April 26, 2011
The latest five year plan from China limits the production of many base metals in including molybdenum. China the world’s largest steel producer may find itself importing more molybdenum as a result.
Continue reading "Molybdenum Rule Changes In China"
Thursday, April 21, 2011
Platts reported that Japan is demanding more molybdenum as it tries to fulfill the need for thermal power generation.
Thursday, March 24, 2011
Japan will need massive amounts of steel to rebuild what the tsunami washed away. Infrastructure and new automobiles will pave the way for steel demand in the country. While the events in Japan are horrific and depressing, and may affect global markets for quite some time, the need for steel will likely use up a large portion of the surplus that is currently holding down the price of moly.
Continue reading "Molybdenum Demand and the Rebuilding of Japan"
Wednesday, March 16, 2011
Platts reported that prices for molybdenum oxide are unstable over concerns that Japan's demand for the metal may wane.
Continue reading "Moly Oxide Under Downward Pressure After Japan Quake Nervousness"
Monday, October 5, 2009
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"
Thursday, February 12, 2009
Japan Oil, Gas and Metals National Corp (JOGMEC) will give 4.5 billion yen to Nippon Mining & Metals Co Ltd and Mitsui Mining and Smelting Co Ltd for feasibility studies at Chile’s Caserones copper project that is expected to provide an annual average of 3,000 tonnes of molybdenum over 26 years. For full story, click [...]
Continue reading "Japan’s JOGMEC gives funds for Caserones project"
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Friday, February 3, 2012