Molybdenum gets a boost

- June 25th, 2009

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 … Continued

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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