Molybdenum prices decline, demand pickup likely in Jan.

Dec 04, 2009 | 10:58 AM | Tom Jennemann

U.S. molybdenum prices have retreated as consumers work through inventories and have little motivation to buy before the New Year, market participants said.

"It's been pretty thin in the United States for some time," one U.S.-based trader said. "It's very quiet in the spot market, with prices around $10.80 (per pound). Traders will talk $11 or $11.50 (per pound), but in all reality it's softer."....

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