Molybdenum puts on the brakes
After moly held its position over months of poor market sentiment, the metal has been hit hard. Just over a few weeks, the market price of molybdenum oxide has fallen by a whopping 30%.
Articles Tagged "prices"
Moly steady as market experiences a wild ride
The past week was arguably the most volatile in market history, however, molybdenum managed to continue its recent trend of holding steadfast despite the market’s hiccups. This was a week that saw stocks and commodities across the board plummet.
Global shortage to prevent Moly prices from falling
China Molybdenum Company reported that a global shortage of 2,000 tonnes in 2008 will prevent prices from declining. Mr Wu Wenjun, GM of China Molybdenum, said: Production may decline in Chile and China, ensuring that a deficit will last for quite a while. For full story, click here
China Molybdenum H1 profit rose by 13%
China Molybdenum Company reported that its first half profit increased by 13% on YoY basis due to higher prices. Mr Wu Wenjun executive director manager for China Molybdenum said: A global shortfall for molybdenum will last 3 years. He added that mines in Inner Mongolia and Henan will take time to expand capacity. For full [...]
