Moly price drop spurs buyer interest

Jul 26, 2013 | 02:40 PM | Daniel Fitzgerald

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

NEW YORK — Molybdenum spot prices have dropped again, reportedly prompting a flurry of interest from consumers that may put a floor on pricing.

Molybdic oxide is trading in a range of $9.10 to $9.55 per pound, down from $9.20 to $9.80 previously, while ferromolybdenum has fallen to $11 to $11.40 per pound from $11.70 to $11.95.....

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