Output Of Moly Concentrates In Western World For Jan. -Mar. 2005 Increased By 30 percent

摘要

The production of molybdenum concentrates in the western world is in the direction to increase. At present, it is supposed that the world supply of molybdenum concentrates is brewing an excess. However, prices of molybdenum products have been still kept on a firm tone. Price of ferro-molybdenum had been once calmed down but, from this week when a long holiday period in China and Japan was over, has strengthened again a tendency to soar. The latest price of ferro-molybdenum in Europe and the USA has risen to 88 US dollars per kg.. Being stimulated by this higher price of ferromolybdenum, price of molybdenum oxide has also risen to a level of 35 - 36 US dollars per lb.. The parties concerned in the market have emphasized that actual cargoes of molybdenum products are scarce.