Molybdenum highlights

摘要

Given its incredible stability over the course of this year, molybdenum is experiencing its most exciting month for a very long time. Unfortunately, all the news is negative, Prices have plum-meted - reaching their lowest point for two and a half years - as demand has wasted away due to a fall in demand from stainless steel mills that are slashing their production. With prices dropping 25 dollars/kg in one month, it is hard to see how it can drop much longer. But as there is no chance of demand picking up for the coming month, indeed until next year, there is only one direction in which prices can move.