The price of molybdenum on the LME is down to its lowest level since July of 2010. Weak demand for stainless steel and the summer slowdown in the production of steel are factors. This could represent a bottom for the price as supporting factors come into play in the coming months.
Continue reading "Molybdenum Prices Trending Downward"
Tuesday, June 7, 2011
Ken MacDonald Vice President of Business Strategy and CFO Erdene Resource Development discussed the factors controlling the current molybdenum market.
Continue reading "Molybdenum’s Long Term Potential"
Thursday, March 24, 2011
Japan will need massive amounts of steel to rebuild what the tsunami washed away. Infrastructure and new automobiles will pave the way for steel demand in the country. While the events in Japan are horrific and depressing, and may affect global markets for quite some time, the need for steel will likely use up a large portion of the surplus that is currently holding down the price of moly.
Continue reading "Molybdenum Demand and the Rebuilding of Japan"
Wednesday, January 19, 2011
After low prices enticed China to become a net importer of molybdenum, surpluses built up may cause price stagnation in 2011. Steel demand is slated to grow in 2011, just at a slower rate than seen in the past few years.
Continue reading "Moly Surpluses and Price Volatility"
Thursday, June 18, 2009
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
Continue reading "General Moly is expecting molybdenum market rebound"
Friday, June 5, 2009
Molybdenum prices have been moving steadily higher over the last month and are now approaching $10/lb, but any significant gains in the price will be curtailed by the threat of increased supply by producers, say analysts at New York-based Dahlman Rose & Co. For full story, click here
Continue reading "Moly prices trending up"
Wednesday, April 29, 2009
Chinese ferro-molybdenum offers declared that it has staged a recovery on the back of higher molybdic oxide import offers and limited supply from both the domestic and overseas markets. For full story, click here
Continue reading "Chinese ferro-moly rebounded on higher moly import offers"
Tuesday, March 24, 2009
Steelmakers will have to struggle in order to secure supplies of molybdenum, used to toughen the metal, in 2011 as the economic crisis spurs producers to shelve 100 million pounds of new supply. Chief executive Peter Akerley stated: We would be looking at somebody who would help with investing in the project through” supply agreements, [...]
Continue reading "Global Molybdenum supply may face deficit in 2011"
Tuesday, February 17, 2009
An unscheduled shutdown at Chalk River Laboratories that supplies rods of molybdenum-99 could mean a shortage of medical isotopes. For full story, click here
Continue reading "Shutdown at reactor could affect moly isotope supply"
Monday, February 9, 2009
An analyst reported that the quantity of molybdenum to be supplied in 2009 is forecasted to have an excess of 14 million pounds on an annualized base. The market also estimates that it will be necessary to reduce further molybdenum production in 2009 by 10 million pounds per annum. For full story, click here
Continue reading "Moly supply in 2009 anticipated to have an excess of 14 mln pounds"
The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
MolyInvestingNews.com maintains a focus on Moly exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Get our exclusive independent commentary on moly trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Thursday, July 14, 2011