Molybdenum edges lower as market takes a breather

摘要

Activity in the molybdenum market slowed Sept. 2, with buyers retreating as players digested the 5% jump in prices on Sept. 1 The “market has corrected itself after moving up very quickly,” a European trader said, adding that offers had also fallen during the day. A Chinese smelter source said: “We didn’t bid today, [the] moly price has gone up too fast compared with ferromolybdenum. I think the market will take a break.”