Molybdenum Prospects to Soar

Scrap Metal wrote that prospects are good for molybdenum despite trading at low volumes on the London Stock Exchange.

The editorial is quoted as saying:

Prices for molybdenum on the LME have risen since the start of the year from approximately $37,200 per tonne over $39,600 per tonne, the 15 month seller contacts are at $40,300 per tonne.

To read the full editorial, click here.