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Molybdenum week Day 3: Khayyam Jahangir, Manager of Steel Alloys Research
Dec. 02, 2011 12:55PM PST
Industrial MetalsNews.am reported on the market conditions that affected the weakening of moly prices over the past three years.
News.am reported on the market conditions that affected the weakening of moly prices over the past three years.
As quoted in the market news:
When the molybdenum market collapsed in 2008/2009, prices for molybdenum oxide fell below $9/lb (around $20,000 per metric ton). This in turn meant that many Chinese producers, particularly in the Huludao region, were facing production costs above the market price.
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