Molybdenum prices in the United States have shot up by a dollar or so in the past week as purchasers and sellers gripe about how difficult it is to get their hands on replacement material. For full story, click here
U.S. miner General Moly Inc declared that it has seen the molybdenum market poised for a rebound with a pick up in demand growth and limited new supply sending prices to a peak in 2012. For full story, click here
Thompson Creek Metals of Toronto is planning a 10% molybdenum production and sales boost in 2009 over levels previously announced, thanks to recent improvements in the market. For full story, click here
Thompson Creek Metals Co.’s decision to raise output of molybdenum this year following a recent rebound in prices is unlikely to have much impact on the market. For full story, click here
Molybdenum prices have surged continuously for the last 2 weeks. Dealers’ price of molybdenum oxide has risen to a level of USD 8.80 per lb of Mo as its higher side and approached USD 9.00. The market prices of molybdenum have turned to a basic tone to recover. For full story, click here
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
Molybdenum prices have surged continuously for the last 2 weeks. Dealers’ price of molybdenum oxide has risen to a level of USD 8.80 per lb of Mo as its higher side and approached USD 9.00. The market prices of molybdenum have turned to a basic tone to recover. For full story, click here
As a minor metal, molybdenum is prone to rapid price fluctuations; in the past this had generated huge returns on investment. Molybdenum was one of the last metals to feel the effects of the economic downturn, but has failed to match the recovery experienced by many metals since the start of the New Year.
Chinese ferro-molybdenum offers declared that it has staged a recovery on the back of higher molybdic oxide import offers and limited supply from both the domestic and overseas markets. For full story, click here
Ferro-molybdenum slipped further on Wednesday, with the Easter break compounding an already quiet market. Ferro-molybdenum basis 65-70% fell to $19-21 per kg from $19.50-21.50 previously in slim volumes. For full story, click here
Get our independent commentary on moly trends and companies delivered to your inbox.
