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Bank Cuts Global Moly Price Outlook on Expected Market Surplus
Jun. 21, 2011 03:22PM PST
Industrial MetalsPlatts 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.