Traders Chinese export tax now imbedded in moly price

Dec 05, 2006 | 12:53 PM |

Molybdenum prices are not expected to fall from the heights it reached on the back of Chinese export taxes imposed Nov. 1, according to market sources.

Molybdenum firmed when the market reacted to the Chinese export tax, market sources said. At the time, some speculated that the rise in prices could be a knee-jerk reaction, and said the market could cool by late-November.....

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