China’s SRB to Buy 5,000 Tonnes of Moly Oxide

Metal Bulletin reported that in the coming four months, China’s State Reserve Bureau (SRB) plans to stockpile 5,000 tonnes of molybdenum oxide.

As quoted in the market news:

The first batch of the purchase will comprise 2,700 tonnes for around 1,459 yuan ($236) per mtu bought from three of the four companies chosen by the SRB for the purpose, sources said.

Click here to read the full Metal Bulletin report.