Moly prices edge up on tighter supply

Jan 10, 2014 | 02:16 PM | Thorsten Schier

Tags  moly prices, molybdenum, molybdic oxide, ferromolybdenum, Kennecott Utah Copper, Bingham Canyon Mine, Thorsten Schier

NEW YORK — Molybdenum and ferromolybdenum prices have picked up slightly at the start of the year as sellers noted some increased interest and reduced domestic supply.

The spot price for molybdic oxide increased to $9.70 to $10 per pound from $9.60 to $9.90 previously, while ferromolybdenum edged up to $11.10 to $11.35 per pound from $11 to $11.25.....

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