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2014 FORECAST: Moly market likely to settle after unstable 2013
December 31, 2013 - 14:59 GMT
Molybdenum market participants in Europe said they are expecting stable to firmer prices in 2014, which will mark a significant change from the extreme volatility of 2013.
"I think there’s probably a bit more optimism
for 2014. Currently, the figures coming out of Europe are a bit
better, and the same for Asia," a trader said. "People are
hoping that the bad year is behind them and things are going to
get better." Participants are nonetheless loath to make any
specific predictions for the year, after surprises such as the
Kennecott wall slide, and with prices as low as $22.70 per kg
for ferro-molybdenum. "I don’t think we will see a
lot of big things happening in the first three quarters
– I think the market will be relatively stable," a
producer told Metal Bulletin. Any move to the downside would
lead to difficulties for mines in China, which...
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