Chinese molybdenum conc prices hit three-year low

May 16, 2012 | 03:04 AM |

Chinese molybdenum concentrate prices fell again this week after sellers cut offers still further, with prices reaching their lowest level since June 2009. 
Molybdenum concentrate prices stood at 1,760-1,780 yuan per mtu ($278-281) on Wednesday May 16, down 30 yuan from last week, with most deals focusing on the low end prices.  ....

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