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Category: Molybdenum
The news items published under this category are as follows.Wednesday, June 27, 2007
Falling Molybdenum Production; Chinese Exports Limits: Record Price? / Commodities / Molybdenum
By: James_Finch
Our sources in Asia confirmed an industry trade report pre-announcing China would slash export quotas on molybdenum products by approximately 50 percent. The quotas are expected take effect next week.
Many were bracing for a 30-percent reduction in molybdenum exports.
Read full article... Read full article...Friday, June 15, 2007
Molybdenum Expert Predicts Shortages Ahead / Commodities / Molybdenum
By: James_Finch
If one believes the forecasts recently made by Terry Adams of UK-based Adams Metals and Albemarle Corporation's (NYSE: ALB) Chris Knight, then the escalating demand for molybdenum products could impact the stainless steel business of POSCO (NYSE: PKX). The Korean-based steelmaker, with about 6.5 percent of sales coming from stainless steel, is the world's fourth or fifth largest, depending upon production or market capitalization.Read full article... Read full article...
Tuesday, June 05, 2007
Strong Molybdenum Demand Panicking Traders / Commodities / Molybdenum
By: James_Finch
Record nickel prices are driving stainless steel manufacturers to substitute other metals, such as chromium and manganese in their composition. One metal increasingly being used in a growing number of applications, for which there is less possibility of replacement is molybdenum. Growing demand accompanied by less and less supply is driving the molybdenum price higher. Some believe it could jump another 50 percent in the near future.Read full article... Read full article...















