Tight prompt inventories support molybdenum prices after flooding at JDM Moly

Molybdenum prices continued to climb in Europe and Asia in the first half of the week amid tightening spot inventories following last week's flooding at Jinduicheng Molybdenum Co (JDC Moly).

Two production units ceased operations after the flooding in the Jindui mining area, the company said last week.
The units  produced a combined 2,480 tonnes of 45% contained molybdenum concentrate per month up to July, accounting for just under 60% of the company's molybdenum concentrate output so far this year,

Supported by...

Published

Ewa Manthey

August 13, 2020

15:46 GMT

London