Moly oversupply tocontinue until 2020: BAML

摘要

The molybdenum market islikely to remain oversupplied until 2020with a cumulative surplus of 193 millionlb built up over 2015-2020, according toa research note issued by the Bank ofAmerica Merill Lynch Monday.Low prices have resulted in productioncutbacks of 32 million-33 million lb/year in2015, but the year is expected to end witha 24.9 million lb surplus supply.