Molybdenum Oxide Powder Japanese Demand Falls due to Automaker Cutbacks

Platts reported that, due to production cutbacks from Japanese automakers, demand for molybdenum oxide powder has fallen by  5-10 percent in October, among Japanese consumers.

As quoted in the market report:

Japanese automakers have cut output by roughly 10-20% in October from September after a government subsidy program expired September 21, according to auto components makers.

To view the whole Platts report, click here.