China halts molybdenum spot trading

- January 7th, 2009

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 … Continued

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.

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