Demand seems to have fallen off a cliff at the moment, companies are using-up any stockpiles they currently own, from what I read. Similar stories with some other metals.
Infomine have the price at about $US15/lb, $10 was probably the low point. Mine production will most likely slow or cease at prices much lower IMO. When demand increases again we should hopefully see higher prices.
molybdenum price , page-12
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