Molybdenum prices fall as spot market slows
Jun 08, 2012 | 12:54 PM
| 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 its 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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