Molybdenum prices fall as spot market slows

Jun 08, 2012 | 12:54 PM | Thorsten Schier

Tags  molybdic oxide, ferromolybdenum, molybdenum, Thorsten Schier

NEW YORK — Molybdenum prices continue to fall as spot business has slowed to a trickle and traders look to unwind positions due to the uncertain economic outlook.

"I know it’s crashing, but there are few inquiries to sell. Our phones hardly ring now," one trader said, adding that spot inquiries even for small quantities are being bid for aggressively. ....

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