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molybdenum prices are on the rise, up about 50 per cent over the period, having fallen from $US30 a pound last year to as low as $US7/lb earlier this year.



European molybdenum prices still climbing
SÃO PAULO (Metal-Pages) 02-Jul-09. European molybdenum prices have climbed to their highest level since the first week of November, amid reports Chinese exporters are selling in Europe again, after a rush for material at the start of this year transformed China into a net importer.





Molybdenum Prices Up in Asia
Posted on June 15th, 2009 by admin

Asian molybdenum price goes strong
Market participants indicated that short supply in spot market pushed the Molybdenum price going up, especially in Asian market where buyers can get material only at price above US$10.2/lb CIF.

A 15 percent export tax imposed leads to decreasing export from Chinese suppliers, Korean buyers, who used to deal with Chinese suppliers, have to turn to source in North America and Chile, but still hard to get supply of June-July shipment.

On the other hand, western producers worried that the rising market price would initiate China’s domestic enterprises to recover production.

Courtesy www.yieh.com