Looming Molybdenum Surplus to Put Pressure on Prices -Expert Says, 2013-II
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- Category: Molybdenum's News
- Published on 02 July 2013
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It is reported that while molybdenum consumption is expected to grow at a healthy 4.5% per year over the next 8 years , at least to some extent, starting between 2015 and 2017.
Mr Bascur said that “If China allows for unrestricted imports of molybdenum, allowing local consumers to access lower-cost production, the market will settle at around USD 9 to USD 11 per lb as small-scale Chinese producers halt output due to cost constraints.
He said that on the other hand, if China opts to restrict imports to protect its local producers, the full force of the surplus in the West will make itself felt and prices will drop to around USD 6 to USD 8 per lb.
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