July 2009 | Ferro-alloys
What are the reasons for molybdenum's improvement?
China’s unprecedented levels of imports this year have been well documented, as has the fact that its exports have fallen. This implies that a much greater volume of molybdenum is inside China. There can be two possible reasons to explain this.
Molybdenum has been having a very good run lately. The price of ferro-molybdenum has risen in Europe every week since the end of May, and is now 50% higher than its low point in April. In the past few days it has finally crossed the $30/kg barrier, the highest it has been since the collapse of the molybdenum market in November....
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe