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Moly price bounces as China seeks material

Moly price bounces as China seeks material

Write: Uriel [2011-05-20]

Moly price bounces as China seeks material


After sliding for several weeks, North American molybdenum prices have rebounded due to prospective Chinese buying and tight regional supply, traders said.
U.S. canned molybdic oxide bottomed out at about $13.75 per pound a little over a week ago as Chinese traders tried to sell some of their Western material back to the...

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