Molybdenum

Platts reported that RBC Capital is predicting a surplus of molybdenum oxide and lowered its price outlook for the product.

Platts reported that RBC Capital is predicting a surplus of molybdenum oxide and lowered its price outlook for the product.

The market news is quoted as saying:

In a research note released Tuesday, the bank put total global demand in 2011 at 528 million pounds with supply at 543 million pounds.

To read the full market news, click here.

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