Molybdenum prices soften on scarce spot sales

Dec 15, 2006 | 09:41 AM | Meghann McDonell

Molybdenum prices are softening as spot sales slow to a near halt, market sources said.

Sources said molybdenum oxide is now selling for between $24.50 and $25.50 a pound, down from a previous range of $25 to $26 a pound.

Ferromolybdenum has also experienced some downward pressure and is now changing hands between $26 and $27 a pound, down from $27 to $28.50 a pound previously.....

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