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Demand from Asian markets has boosted molybdenum over the past weeks, in spite of lagging North American 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.
Read the full article: "Molybdenum gets a boost"
Monday, June 1, 2009
Moly prices have exhibited a gradual increase, recently surpassing $10.00 per lb. Miners are hoping the metal continues the trend, claiming a price minimum of $10.00 per lb is essential in order to turn a profit. Moly was trading at $33.50 per lb before the financial crisis sent a shockwave through the global economy.
Read the full article: "Molybdenum crosses the key $10.00 per lb price line"
Monday, May 18, 2009
As a minor metal, molybdenum is prone to rapid price fluctuations; in the past this had generated huge returns on investment. Molybdenum was one of the last metals to feel the effects of the economic downturn, but has failed to match the recovery experienced by many metals since the start of the New Year.
Read the full article: "Analysts reduce molybdenum price forecast"
Thursday, April 16, 2009
Molybdenum miners may dramatically slash output in an effort to coax a rebound in the price of the alloying metal, priming the industry for a rapid price ascent when stainless steel demand rebounds.
Read the full article: "Moly miners take control of fundamentals"
Monday, April 6, 2009
Despite the recent optimism across the metals sector, molybdenum prices are continuing on a downward trend. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid.
Read the full article: "Molybdenum continues downward trend"
Monday, March 30, 2009
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February as overseas sellers stepped up competition with Chinese producers. This did little, although, to correct prices.
Read the full article: "Moly companies to face a second quarter pinch"
Tuesday, March 24, 2009
Imports of molybdenum into China surged in February as overseas sellers stepped up competition with Chinese producers. Imports of moly have surged because Chinese producers have found themselves largely unable to compete with cheaper import offers.
Read the full article: "Importers undercutting China’s domestic producers"
Wednesday, March 18, 2009
Government spending will spark a recovery in steel demand towards the end of the year; but its mark on the molybdenum market will be limited. Demand for molybdenum in China likely will rise 6 percent in 2009, then slip to 52,800 tonnes in 2010 before growing again in 2011.
Read the full article: "Molybdenum’s route for a slow recovery"
Monday, March 9, 2009
Molybdenum prices are currently hovering around the $9 per lb mark, a drastic decline from last Augusts’ high of $34. Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall.
Read the full article: "Weak steel demand takes a bite out of molybdenum"
Monday, March 2, 2009
Molybdenum has crashed from $33 per lb in mid ’08, to its Friday closing value $8.70 per lb. Analysts predicts the metal is in for a slow recovery this year, and is anticipated to average $11.00 per lb.
Read the full article: "Joint ventures necessary for survival"
For upcoming molybdenum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
MolyInvestingNews.com maintains a focus on Moly exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Moly Mines have completed a maiden resource estimate for the iron ore deposits at its Spinifex Ridge project in Western Australia.
For full story, click here
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Wednesday, June 24, 2009
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