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Unusual stock accumulation in China key to molybdenum market evolution

Industrial Metals

Resourceinvestor.com reported Unusual stock accumulation in China key to molybdenum market evolution:

Resourceinvestor.com reported Unusual stock accumulation in China key to molybdenum market evolution:

The report highlights the prominent role played by China in the molybdenum market, in which it went from being the primary global producer in 2008, with exports of 25 million pounds, to becoming a net importer in 1H09, acquiring 35 million pounds from Western operations and absorbing all the excess stock in the rest of the world.

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