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    market news

    Will the stimulus jumpstart molybdenum?

    Melissa Pistilli
    Feb. 20, 2009 11:12AM PST
    Market News

    Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level. The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light.  The price dropped; then steel mills started to strengthen their efforts to stock the …

    Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level.

    The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light.  The price dropped; then steel mills started to strengthen their efforts to stock the products prior to the Spring Festival.  The price jumped briefly but then stabilized back to New Year holiday levels.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

     

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