Weak Market Hurts Moly Oxide Price
Platts reported that molybdenum oxide prices fell due to pressure from a slower ferrochrome market.
Platts reported that molybdenum oxide prices fell due to pressure from a slower ferrochrome market.
Platts reported that molybdenum oxide trading was slow as the gap between bids and offers widened.
Platts reported that traders were stalling on Asia moly oxide contracts, expecting prices to fall next week.
Platts reported that prices for China ferromoly products haven't changed in price since the beginning of the year.
Platts reported that the price of moly oxide fell as buyers retreated.
Platts reported that molybdenum oxide prices increased about 5 cents.
Investors looking to capitalize on the build-up of nuclear power don’t have to rely on uranium projects alone, as massive amounts of molybdenum will be needed for nuclear power reactors to strengthen the steel alloys used in their construction.
News.am reported on the market conditions that affected the weakening of moly prices over the past three years.
Platts reported that demand for lower-grade cargoes have cause Japan ferromoly prices to fall.
Amerigo Resources Ltd. (TSX:ARG) announced financial results for third quarter 2011.
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