New pipelines will spell success for moly

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Tue, Dec 16, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Moly Investing News reports molybdenum price is impacted by the slow buying by the Chinese.

Molybdenum is already in a tight supply situation that has been aggravated by recent shutdowns and output curtailments. Moly demand typically grows at a rate of 4 per cent to 6 per cent each year, and in order to supply this growth one new molybdenum mine is required to come into production each year.

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