One Famous Molybdenum Company Announces Third Quarter 2015 Results
This famous molybdenum company is a U.S.-based molybdenum mineral development, exploration, and mining company, announced its unaudited financial results for the third quarter ended September 30, 2015.
Sentiment Shifts in Molybdenum Oxide Market, Offer Levels Move Higher
Molybdenum oxide prices showed signs of stabilizing Thursday after a seemingly relentless slide in recent days, with offer levels actually moving higher during the European day as buying interest picked up.
Molybdenum Oxide: Some of the Same Woes, Different Low Prices
About year ago, on August 21, 2014, Platts daily dealer molybdenum oxide assessment was at $13.15/lb. In fact, throughout August 2014 the price stayed above $12.95/lb, which seems unimaginable now when oxide struggles to hold above $6/lb.
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.
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