Articles Tagged "prices"

Stimulus spending could bridge the gap in molybdenum prices

When economic growth resumes, there will be a critical shortage of strategic metals. The rapid collapse in metal’s prices has forced many miners to mothball operations; when demand for these metals resumes, there will be a lag time for production online. This means that as quickly as prices collapsed, we can expect an upswing with more impetus.

Will the stimulus jumpstart molybdenum?

The steel sector has been deeply impacted by the global economic climate; with an approximate 50% decline in production. Moly, as an important alloy, is following suit.

Moly prices will come back

Eugene Beukman, president of Bard Ventures, said: Moly prices will come back. It’s going to be a little tough for the next few months but it will turn for sure. For full story, click here

Molybdenum’s decline leaves few strong contenders

Molybdenum prices have crashed from a high of $35 per pound at the end of October down to the recent level oft US $12 per pound. This represents the worst decline when it comes to commodity prices; a 53 percent drop to be exact.

Molybdenum cuts continue

The global economic slowdown is affecting both the demand, and price for molybdenum. To cope, companies are planning output cuts and plotting new investment strategies. For the few companies that have a very strong financial position, they are on the look out for acquisitions.