Molybdenum continues downward trend

Moly Investing News reports molybdenum price continues to fall despite the recent optimism.

Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid, down to US $9.20 per lb, versus the earlier level of US $9.70 China’s export prices, although, were steady at US $23 per kg.

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