Molybdenum prices have averaged slightly more than $9/lb so far this year but an analysis by J.P. Morgan Securities warns “expect moly prices to close in on $15/lb over the next several months and to average $18/lb in 2010. For full story, click here
Continue reading "Molybdenum Prices expected to double in 2010"
Thursday, June 11, 2009
Molybdenum prices have been moving higher over the last month and last week passed $10/lb in the U.S. spot market, but they still are 27% below the peak of mid-2008 as demand from steelmakers remains soft. Looking ahead, forecasts are mixed: Investment bank Dahlman Rose & Co. sees a loss of supplier discipline and a [...]
Continue reading "J.P Morgan has boosted molybdenum price forecast"
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Wednesday, July 22, 2009