Molybdenum Market Update (May 17, 2012)
A brief overview of molybdenum price developments, supply and demand, and significant market movers.
Articles Tagged "molybdenum price"
Molybdenum Market Stuck in Neutral
With molybdenum prices not set to exceed $20/lb until 2020, market movement has remained minimal over the last month.
Dahlman Rose Cuts Molybdenum Price Forecast
Mineweb reported that Dahlman Rose lowered price expectations for moly and other metals.
Molybdenum Makes Gains Despite Market Downturn
The volatility of world markets over the last week has some commodites on a downward trend. Molybdenum, however, is bucking the trend with some impressive gains over the last week.
Molybdenum’s Long Term Potential
Ken MacDonald Vice President of Business Strategy and CFO Erdene Resource Development discussed the factors controlling the current molybdenum market.
Molybdenum as a Clean Energy Option
Molybdenum is increasingly being favored by scientists looking to create cheap and efficient hydrogen power.
Steel Market Growth and Molybdenum Prices
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.
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.
Molybdenum continues downward trend
Despite the recent optimism across the metals sector, molybdenum prices are continuing on a downward trend. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid.
Moly companies to face a second quarter pinch
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February as overseas sellers stepped up competition with Chinese producers. This did little, although, to correct prices.
