Researchers Develop New Technique for Making Molybdenum Disulfide
Graphene, a single-atom-thick lattice of carbon atoms, is often touted as a replacement for silicon in electronic devices due to its extremely high conductivity and unbeatable thinness. But graphene is not the only two-dimensional material that could play such a role.
University of Pennsylvania researchers have made an advance in manufacturing one such material, molybdenum disulphide. By growing flakes of the material around "seeds" of molybdenum oxide, they have made it easier to control the size, thickness and location of the material.
Molybdenum Supply Exceeds Demand by 14 Million Pounds in Third Quarter
Global production of molybdenum increased to 150.3 million lb in Q3, up 5% from 142.9 million lb in the previous quarter, and up 11% year on year, IMOA said. Global use of molybdenum in Q3 fell slightly to 136.4 million lb, down 3% from 139.9 million lb in the previous quarter and 1% lower than the same quarter of 2013. North America remained the biggest producer, with Q3 production rising 7% to 53.3 million lb from 49.9 million lb in Q2 and 20% from Q3 2013.
Excess Supply of Molybdenum Prices Will Decline After 2016
Consultancy CPM Group (CPM Group) latest report, molybdenum prices experienced a continuous decline in the three years after a slight rebound in 2014; however, by the recent mid-term excess supply outlook and the impact of the expected annual molybdenum in 2016 after prices will fall.
Supply Overhang Likely to Cap Molybdenum Prices in Near Term
Molybdenum prices rebounded in 2014 after three consecutive years of annual price declines, but looming surpluses over the near- and medium-term horizon are likely to weigh on annual prices through 2016, according to US-based consultancy CPM Group.
Growth in global molybdenum demand is estimated at 3.1% in 2014, up from 2.9% in 2013, CPM said late Monday at the release of its latest Molybdenum Market Outlook publication.
Adequate Supply of Molybdenum Concentrate in 2015
"As the production capacity of existing projects and new projects can be expanded, molybdenum ore supply will increase significantly next year, will rise to excess supply of molybdenum." Jorge Cantallopts research and policy planning director at the Chilean Copper Commission recently hosted by the British "Metal Bulletin when "(METAL BULLETIN) and Minmetals jointly organized the" 2014 Forum molybdenum international market, "said he expects the next two years were the Chilean molybdenum supply growth of 16%.
Latin Resources Intersects Visible Copper and Molybdenum at Ilo Este
Latin Resources (ASX:LRS) shares are expected to lift after the company discovered that copper mineralisation continues over 1.1 kilometres of strike at the Ilo Este project in Peru.
This potentially points to a large copper porphyry system, with Latin already in discussions with a number of potential partners to further evaluate such a large system.
China Seen to Have Pushed Back Scrapping of Moly Export Taxes to May
Chinese authorities appear to have pushed back a widely anticipated cancellation of molybdenum export taxes to May 1 from January 1, market sources said Wednesday, December 17.
The country's Ministry of Finance on Tuesday released a detailed report on the tax revisions that would take effect January 1, which left the export taxes on all moly products unchanged.
The ministry had been widely expected to remove all the taxes on moly products from January 1 after the World Trade Organization in August ruled the country's export controls on rare earths, molybdenum and tungsten via quotas and taxes were illegal and demanded it abolish the measures by May 2015, market sources said.
Moly Prices to Rebound by 2020?
Moly prices could be in for a boost in the next five years if the metal is buoyed up by increased consumption and production in China.
According to Platts, a report released Thursday states that the country’s moly consumption is set to hit 120,000 metric tons (MT) in 2015, reaching 135,000 MT by 2020. The report was put out by the Henan Provincial Nonferrous Metals Geological & Mineral Reserve Bureau, and it’s worth noting that Henan is especially important in China’s moly space — the province was responsible for roughly 40 percent of the country’s moly concentrate output last year.
China May Cancel Export Quotas on Tungsten, Molybdenum
China said it is keeping export quotas on a clutch of industrial metals unchanged for 2015 but was silent on tungsten and molybdenum, leading to speculation exports of the two minor metals won't be subjected to quotas next year.
Quotas for exports of tin, antimony, indium and silver are unchanged from this year, according to a statement posted on the Ministry of Commerce website on Thursday.
But the statement did not provide quotas for tungsten and molybdenum, which were announced at the same time as the four metals in previous years. China is the world's top producer of tungsten and molybdenum, as well as refined tin, antimony and indium.
China may cancel the quotas for the two metals as a follow up action after it lost an appeal at the World Trade Organization in August, two analysts said.
Morning Molybdenum Market Guidance on October 22
On October 21, LME molybdenum futures price remained relatively stable. March molybdenum offer 19500/20500 dollars / ton; 15-month molybdenum offer $ 20000/21000 / tonne, LME molybdenum positions 156 hands.
Macro News: Resource tax reform timetable settled, which has the full implementation in the next five years; September revenue rose only 6.3 percent, spending is still outperforming revenue; GDP of third quarter up by 7.3%, commodity prices are still under pressure.
The current favorable internal and external factors began to be weaken, and the prices continue to rise, lack of motivation, which has some negative impact on the business outlook expectations. Lack of substantive demand, supply and demand still room for improvement, although manufacturers are still orders exist, turnover was higher than the previous, high turnover difficulties in promoting the market continues to improve.
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