There is a `little storm brewing' in moly. In the third week of January, traders came in and bought up a lot of material, which caused some supply tightness. Now traders are in a position to push prices higher, state analysts.
U.S. miner General Moly Inc declared that it has seen the molybdenum market poised for a rebound with a pick up in demand growth and limited new supply sending prices to a peak in 2012. For full story, click here
Molybdenum miner Thompson Creek Metals Co. declared that it does not plan any additional output cuts for now and expects molybdenum prices to rebound in the mid- to long term. For full story, click here
Sunday, January 24, 2010