US molybdenum prices continue to rise on consumer demand Wednesday, 13 Jan 2010
"It is reported that US molybdenum prices are continuing to rise as consumer demand increases and traders angle for higher prices."
"Market participants put spot prices for molybdic oxide in a range of USD 12.75 to USD 13 per pound, up from USD 11.25 to USD 11.50 two weeks ago, while ferromolybdenum prices are between USD 14.75 and USD 15.25 per pound, up from USD 13 to USD 13.50 in mid December 2009."
(Sourced from www.metalsplace.com)
MOL Price at posting:
$1.03 Sentiment: ST Buy Disclosure: Held
