Tamil Nadu Asks GIS to Do Study on Molybdenum Availability in Dharmapuri District
Tamil Nadu has asked Geological Survey of India (GIS) to carry out a study on availability of Molybdenum in Dharmapuri district and said it would consider setting up a related industry based on the report.
New Brochure Promotes Molybdenum And Sustainability
21 August 2015, The International Molybdenum Association (IMOA) has published a new brochure exploring the contributions that molybdenum makes to sustainable development. ‘A Sustainable World with Molybdenum’ showcases examples of how molybdenum’s properties are being harnessed to generate a wide range of sustainable benefits in many sectors.
Molybdenum Oxide Prices Slip As Sellers Drop Offers
The molybdenum oxide market edged down 11 Aug 2015 as more sellers came into the market, while buyers remained mainly absent.
Sales in warehouse Busan were heard at $6.10/lb, although there were also buyers bidding for material at $5.95-$6/lb. In Europe, there were very few inquiries, although market participants said offers were still at $6.15/lb and above.
China First Half of 2015 Molybdenum Concentrate Reduced Quantity Situation
According to the relevant Institute data show that 2015 January-June production of molybdenum concentrate reduced quantity of 141,600 tons and year-on-year growth was 2.82%.
Second Half of 2015 Molybdenum Market Prospect
Domestic market: second half of 2015, China's domestic economic growth is expected to rebound. In the demand side, "one belt and one road" development strategy, nation nuclear power re-construction and other development strategy will stimulate demand for the steel industry, thus further stimulating demand for molybdenum. But due to construction project involves a longer period, the second half of this year is expected to stimulate demand is limited.
China-The Largest Moly Supplier in 2014
China
Mine production: 100,000 tonnes
China produces the vast majority of the world's moly, and despite a 1,000-tonne drop in production between 2014 and 2015, the country remains the globe's biggest producer by a large margin.
China's Moly Producers to Face Another Challenging Year in 2015
Chinese producers of molybdenum concentrate and ferromolybdenum will face yet another challenging year in 2015 characterized by relatively low prices and steady demand, market sources said at a molybdenum event in Xiamen at southern China's Fujian province over the weekend.
Participants at the event anticipate domestic molybdenum concentrate prices to average around current levels of Yuan 1,100/mtu ($179/mtu) this year -- substantially lower than average prices seen over the last three years.
China Molybdenum Wire Export Tax Was Investigated by EU
The EU said Chinese manufacturers exporting to the region in order to avoid tax "minor alteration" after the product is likely to expand the tax on imported cars in China with molybdenum wire.
Spray molybdenum wire in the car, especially truck applications more widely. The EU is investigating whether Chinese producers changed the diameter molybdenum wire to avoid taxes as high as 64.3%.
Japanese Steel Mills Turn to Moly Oxide as Spread to Ferromoly Remains Wide
Some Japanese steelmakers are switching to molybdenum oxide from ferromolybdenum due to the wide price spread between the two products, market sources said March 5.
One Japanese steelmaker has decided to halve its consumption of ferromoly by switching to moly oxide, given that moly oxide prices were $3/kg cheaper, one mill source said.
Gold Specialist Acquires Moly Mines
Starcore International Mines Ltd, which focuses on exploring, extracting and processing gold and silver has acquired all of the shares of Creston Moly Corp, which owns three molybdenum-copper mines.
This follows the Supreme Court of Canada’s discharge of Creston Moly from bankruptcy, clearing the way for Starcore to continue with the development and further exploration of Creston's properties.
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