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.
|Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.|