Importers undercutting China’s domestic producers

Moly Investing News reports molybdenum imports into China soared.

Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February. A total of 4,606 tonnes of moly concentrate or oxides were imported in February, 97 per cent higher than January. Imports of moly have surged because Chinese producers have found themselves largely unable to compete with cheaper import offers.