Molybdenum Market Update (November 22, 2012)
A brief overview of molybdenum price developments, supply and demand and significant market movers.
A brief overview of molybdenum price developments, supply and demand and significant market movers.
A brief overview of molybdenum price developments, supply and demand and significant market movers.
A brief overview of molybdenum price developments, supply and demand and significant market movers.
A brief overview of molybdenum price developments, supply and demand, and significant market movers.
A brief overview of molybdenum price developments, supply and demand, and significant market movers.
While steel production has remained strong in China and North America, the price of molybdenum has remained weak. China became a net importer of molybdenum in 2010, however, on the year the country is a net exporter of the metal. This trend however may be reversing.
Keeping track of the steel market is key for investors with an eye on molybdenum.
The use of molybdenum in energy projects from nuclear energy to renewable will add new demand pressures on moly over the course of the year. Prices on the LME have been steadily gaining already this year, increased demand will only add to these dynamics.
Scientists have been playing around with moly’s unique attributes to make a whole host of new products that in the future may add a new dimension to demand.
Growth for steel demand in China is expected to dip below 10 percent for the first time in recent years. Growth in the steel market, and consequently growth for moly is expected to improve, however, at a slower pace than in recent years. These factors may influence moly price in 2011.
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