Molybdenum News Center

Molybdenum's price will continue to be stable

Molybdenum has been called “war metal”. After adding Mo into steel, the steel's strength, toughness, and high temperature resistance, corrosion resistance ability will be greatly improved. Until now, molybdenum is still an important strategic materials, the majority of the world's molybdenum are still being used to make guns, armored vehicles, tanks and other weapons of war. With the progress of time, molybdenum is also widely used in the field of aerospace, nuclear industry ,defense and military. It can be said that China's the molybdenum resources industry is comparable with rare earth.

Molybdenum concentrates market continues to improve recently, according to the latest data show that by the end of the year, steel mills stocking will stimulate the demand for ferro-molybdenum, so as to drive the prices of raw materials, the current increasing inquiry, the factory refuse to ship the goods with low price. Molybdenum prices will continue to be stable in the uplink.

Analysts pointed out that multiple factors will push up the price of molybdenum, firstly, the recovery of the steel industry will promote the molybdenum price strength; Secondly, the molybdenum metal will usher in a new development space, including the field of nuclear energy, petrochemical field; Thirdly, molybdenum industrial policy.

Zheshang Securities researcher Lam Kin thinks that the molybdenum price rally will continue for at least 2-3 months. The short-term molybdenum supply lacks of flexibility, molybdenum demand recovery in China and Europe, while Chinese strategic purchasing and storage is expected to become an important factor in supporting molybdenum prices continued to rebound. First, the supply of molybdenum lack of flexibility, the main producing areas of China in the next 2-3 months, molybdenum, Henan, Shaanxi, Inner Mongolia, Hebei and Liaoning, are in the winter season, the major molybdenum mine enterprise equipment maintenance molybdenum supply will lead to a seasonal decline. Second, China's urbanization will boost demand for steel, at the same time, more prosperous as a traditional molybdenum consumption EURO zone, as the European debt crisis has greatly eased the future imports of molybdenum will be a gradual recovery. Again, molybdenum as a strategic metal, once the strategic purchasing and storage, market supply will further decline.

In fact, as the market continued short squeeze, molybdenum stocks have achieved the first wave of rebound. New Hualong since December 4, has soared more than 40%; the CMOC and gold molybdenum shares were also soaring 31.56% and 15.58% during the period.

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