Molybdenum supply increase helps ease price pressure

Dec 16, 2010 | 12:10 PM |

The rise in molybdenum prices in the United States has ended due to a supply boost from South America, some market participants told AMM.

Prices for molybdic oxide have remained steady at between $15.80 and $16.25 per pound as increased supply from copper mines in South America—where molybdenum is often a by-product—has begun to offset a recent demand increase.

"They are digging out as much copper as they can," a consumer said. "More moly is coming out as a by-product of copper." ....

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