Molybdenum News Center

Molybdenum oxide climbs to four-month high

Molybdenum oxide prices reached $12/lb on Friday, the highest level seen since early September as higher bids and some consumer purchases pushed prices higher.

The Platts daily dealer moly oxide assessment rose to $11.90-12.00/lb on Friday from $11.70-11.90 previously.

In South Korea, a container load of oxide powder was traded at $12/lb CIF Busan and details emerged of a container load sale in India on Thursday at the same price. In the US, a steel mill was widely reported to have bought a truckload of oxide powder at a price equating to $11.90/lb.

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