Molybdenum supply increase helps ease price pressure
Dec 16, 2010 | 01:25 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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