Moly Concentrate Prices May Rise in Q4

MetalBulletin reported that Chinese market participants believe that although molybdenum concentrate prices have fallen for most of 2013, they are likely to rise in the fourth quarter.

As quoted in the market news:

Mining costs, low raw material inventory of smelters and seasonal factors will facilitate the rebound, participants pointed. ‘There is a big chance for molybdenum concentrate price to bounce back in the fourth quarter. We expect a rally between the end of the fourth quarter and the beginning of the first quarter next year,’ an analyst in Beijing said.

Click here to read the full MetalBulletin report.