Moly output hinges on copper recovery, says report

Molybdenum prices have been boosted in 2002 and 2003 by a reduction in supply due to cuts in copper mining, and a new report says that global supply over the next 2-3 years could remain below 140,000 tonnes, creating a supply deficit and maintain support for moly prices.

The continued recovery in the copper sector would increase moly output further and may ultimately cause the return of downward pressure on moly prices, as was more typical of the market prior to the cutbacks in copper production seen in...

Published

October 30, 2003

11:24 GMT

London