Molybdenum markets drop around 3% due to slower demand

Molybdic oxide and ferro-molybdenum prices in Europe have dropped by about 3% so far in the week that began on Monday August 6, after strengthening to three-month peaks the week before, in line with domestic consumer demand.

The markets climbed last week because of supply tightness and rising prices in Asia outside of China. But this has faded this week, leaving European fundamentals alone to influence the...

Published

Declan Conway

August 09, 2018

20:00 GMT

Galway