Molybdenum News Center

Looming Molybdenum Surplus to Put Pressure on Prices -Expert Says, 2013-I

BNamericas reported that while molybdenum consumption is expected to grow at a healthy 4.5% per year over the next 8 years supply growth is set to outpace this and the resultant surplus will put pressure on prices, starting between 2015 and 2017.

Mr Pablo Bascur founder and CEO of Chilean molybdenum consulting company MolyExp said that “China, now the world's largest molybdenum consumer has been heavily developing its local industry.

Meanwhile, several copper projects that will produce molybdenum as a byproduct are gearing up to come on line in the near future, setting the stage for a significant surplus in the West.”


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