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Molybdenum seen weak in 2009 but recovery in 2011

Posted on 05 March 2009

From Reuters: Molybdenum prices will stay low at between $10.50-$11 a lb this year because of weak demand from steel makers, but in 2011 it will rise to above $20 as demand rebounds, U.S.-based CPM Group said on Wednesday.

Douglas Horn, commodity analyst at CPM said global stimuli packages will help boost prices of molybdenum, a byproduct of copper, to around $16 in 2010….. Full Article: Source


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