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    Molybdenum gets a boost

    Melissa Pistilli
    Jun. 25, 2009 11:36AM PST
    Market News

    Moly Investing News reports molybdenum prices boosted over the past weeks due to Asian demand. The strategic metal is currently trading in the range of $10.60 to $10.80 a pound, up from $10 to $10.50 a pound less than two weeks ago. Spot prices for molybdenum sank as low as $7.50 a pound in April but …

    Moly Investing News reports molybdenum prices boosted over the past weeks due to Asian demand.

    The strategic metal is currently trading in the range of $10.60 to $10.80 a pound, up from $10 to $10.50 a pound less than two weeks ago. Spot prices for molybdenum sank as low as $7.50 a pound in April but then began to bounce back, rising to 10.25 a lb in June.

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