China’s SRB Plans First Moly Oxide Purchase

Metal Bulletin reported that China’s State Reserve Bureau (SRB) will meet tomorrow with four major local molybdenum producers to discuss its plans to buy molybdenum oxide for the first time.

As quoted in the market news:

The SRB has invited the officials from Jinduicheng Molybdenum Group, China Molybdenum, Jinzhou New China Dragon Moly Co and Luanchuan Longyu Moly to Beijing, according to market sources. An official from one of the four firms confirmed the meeting to Metal Bulletin and said there were no details on how much material the SRB wants to purchase.

Click here to read the full Metal Bulletin report.