Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level. The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light. The price dropped; then steel mills started to strengthen their efforts to stock the [...]
Moly Investing News reports molybdenum finally took a hit in the fall as economic crisis spreads. The alloying metal is down 65 per cent this year, and this decline was seemingly overnight. Molybdenum is a minor metal, therefore, purchase contracts come up less often than the big players copper and nickel. For complete story, click this link. [...]
Moly Investing News reports molybdenum prices have skyrocketed when the global spending on infrastructure took new heights. High prices and demand caused copper miners who produced moly in secondary production to copper to turn their focus to that metal. At the same time, junior miners and big players began exploring for primary producing moly mines. [...]
Moly Investing News reports molybdenum prices have dropped sharply with the global economic pressures. The downturn in global steel demand hit the metal hard, as molybdenum is used in structural steel and oil pipelines. However, analysts are optimistic about moly’s future. Even as demand wanes, supply remains tight. It is the tight supply picture that [...]
Moly Investing News reports molybdenum prices took a hit from the recent financial turmoil and bail-out package set by US congress. Trading of the metal has dropped off; and analysts predict that many are ‘waiting it out”. Traders offered different accounts of what the metal was actually selling for with one trader in Europe proclaiming [...]
Moly Investing News reports molybdenum prices have increased with higher demand and a short supply. Until recently, moly has held stable despite all the challenges on Wall Street. As of late, the big market hits spilled over into moly with concentrate prices in China dipping down to US$526 per tonne compared to the US$540 per tonne it [...]
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