Japan tests the molybdenum market

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Tue, Nov 4, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Moly Investing News reports Japan testing the moly market in the current recovery in the financial markets.

Production fell in August as plants closed in mid August for holidays. Production for September and October 2008 is likely to be between the July and August figures, but a drastic fall is expected starting November 2008. The current consumption of molybdenum products for SUS316 production is roughly 500 tonnes per month.

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