Molybdic oxide rose on Wednesday but there is still a substantial margin available to converters, as ferro-molybdenum remains tight for prompt delivery. “No one is holding ferro-moly; why would you with this premium?” a producer asked. “Converters are producing as much as possible, but there really is no ferro-moly [available for prompt delivery] in Europe.” Drummed molybdic oxide climbed to $14.40-14.70 per lb from $14-14.60 previously, with deals reported across the new range.
Mo oxide up but conversion margin remains high
Release Date：2010-07-29 Views：5
MolybdicoxideroseonWednesdaybutthereisstillasubstantialmarginavailabletoconverters,asferro-molybdenumre
Total0pieces of related comment
Articles Recommended
SpecialsNews
- Zamia Gold Mines hits new high grade molybdenum zone at Anthony
- Geodex finds the partner it was looking for
- As silver consolidates above $19/oz technicals look bullish
- Gold price to double in five years - Frank Holmes
- China and the long copper bull market
- Nuclear boom bodes well for Canadian uranium miners
- First Quantum 'relieved' of two more Congo copper mines
- Is silver finally breaking through key resistance at $18.50 per ounce?
- Animas Resources Encounters Molybdenum System at El Tigre, Santa Gertrudis Mexico
- Scotiabank says copper supply deficit will continue into 2011
Most Popular
- Illegal miners overrun Freeport's Congo mine
- Great Western Minerals shrs up on rare earth deal
- Silver - historical pointers to better things ahead
- Silicomanganese tags expected to stay steady through year-end
- Gold rises to 7 week high
- China cuts 2010 rare earth export quota 40%
- Rare-Earth Resources Increase Chinese Clout
- Latin American leaders back mining
- Tin Output in Indonesia May Plunge 20%, Miss Target
- FeTi rises again as market looks forward to consumer business