This year has proven to be somewhat of a rollercoaster ride for the molybdenum market, as it has for other noble and minor metals. The first nine months of the year were characterised by high average prices and a stable, if not overly active market. Then we began to see some cracks appearing which eventually opened the gates to a price freefall which started in October and has carried through to the present. By early this week, both oxide and FeMo had lost some 65-66 percent since the start of October.
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