Molybdenum, 2009 or, 'Caught Between a Calciner and a VAR…'

摘要

After eight decades of stable prices andrnsupplies that met or exceeded demand,rnmolybdenum this decade has exhibitedrnrapid growth in both demand and supply,rnwith long periods of demand exceedingrnshort-term supply. This led tornunprecedented volatility and elevatedrnprices in the molybdenum market. Inrnthis presentation we examine the broadrnapplications of molybdenum and itsrnmore narrow applications in titanium;rnsources of molybdenum; market changesrnwhich contribute to its recent volatility;rnthe relative size of the molybdenum andrntitanium markets; and fluctuations in thernmolybdenum market over the pastrntwelve months.rnThe molybdenum market is experiencingrnhistoric changes. This presentationrnattempts to present current informationrnas well as thoughts on what might bernexpected in the coming year.