Molybdic prices plunge to four-year low

Jul 12, 2013 | 02:07 PM | Daniel Fitzgerald

Tags  molybdenum, ferromolybdenum, molybdic oxide, prices, demand, Daniel Fitzgerald

NEW YORK — Molybdic oxide and ferromolybdenum prices have taken another hit, with lackluster spot demand forcing molybdic oxide transactions below $10 per pound for the first time since June 2009.
AMM’s molybdic oxide price dropped to $9.60 to $9.80 per pound from $10.40 to $10.90 previously, the lowest molybdic oxide price since trading in a range of $9 to $9.50 per pound in June 2009. Meanwhile, ferromolybdenum prices dropped to $11.70....

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