Metal Bulletin reported that molybdenum prices fell today as “panicking traders sold stocks.”
As quoted in the market news:
Ferro-molybdenum prices fell to $32.60-33.20 per kg, down from $34.10-34.80 per kg on June 25 and $34.50-35.20 per kg on June 20. Molybdic oxide prices dropped to $13.50-13.70 per lb, compared with $13.70-14.10 per lb on June 25 and $14.30-14.50 per lb on June 20.
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