Molybdenum News Center

Molybdenum price is bottoming out on reduced supply

Comment on major events of the nonferrous metals industry: molybdenum price bottomed out and rebounded 12.7% in the past month. We note that domestic prices of molybdenum oxide bottomed out in the past month together with a sharp decline in molybdenum exports. China’s molybdenum sector is currently operating at a cost of roughly 1,097-1,785yuan /tonne. With the molybdenum oxide price rebounding to 1,775yuan/ tonne, only a few companies will be making losses. Going forward,molybdenum supply from China is expected to restore gradually.

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