FeMo, oxide spike on strong start to the year London 06 January 2010 16:10
The December rally in molybdenum prices has continued into the new year, with both ferro-molybdenum and molybdic oxide making substantial strides upwards on Wednesday. Moly has come out of the blocks very quickly, one trader said. Prices have raced up and are showing signs of rising further. There are a lot of enquiries, and were seeing enquiries from Asia as well. Drummed molybdic oxide rose to $13-14 per lb from $11.80-12.30 previously, with strong Chinese buying and an...
MOL Price at posting:
95.5¢ Sentiment: Buy Disclosure: Held
