Molybdenum oxide reaches $7 to reach 11-month high, despite Asia, Europe holidays

摘要

Despite thin trade as a result ofpublic holidays in Japan, South Korea andlarge parts of mainland Europe on May 5, molybdenumoxide prices moved higher again,hitting the $7/lb level for the first time sincelast June.“It’s related to the supply side of theequation,” one seller said. “People aren’tdesperate to buy, but if you are looking formaterial it’s difficult to find.”