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    market news

    China halts molybdenum spot trading

    Melissa Pistilli
    Jan. 07, 2009 10:09AM PST
    Market News

    Moly Investing News reports molybdenum spot trading was halted by China. The trading hiatus was initiated by China as prices offered were, in their opinion, below acceptable levels. One China based producer said that his company wants to sell their material at above US$30 per kilogram, but there are simply no overseas buyers willing to …

    Moly Investing News reports molybdenum spot trading was halted by China.

    The trading hiatus was initiated by China as prices offered were, in their opinion, below acceptable levels. One China based producer said that his company wants to sell their material at above US$30 per kilogram, but there are simply no overseas buyers willing to pay such a price.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

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