Excess supply drags moly prices down

Aug 16, 2013 | 01:20 PM | Daniel Fitzgerald

Tags  molybdenum, ferromolybdenum, molybdic oxide, excess supply, Daniel Fitzgerald

NEW YORK — Molybdic oxide and ferromolybdenum prices have eased in recent weeks, with excess supply dragging down the market.

The molybdic oxide price range tightened to $9.10 to $9.30 per pound from $9.10 to $9.55 previously, the lowest level since May 2009, and ferromolybdenum tightened to a range of....

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