EU Mo metal hits fresh highs on supply constraints | Argus Media
"There is zero availability on the ground and some people actually flew some material from China," a trader in Europe said.
#molybdenum
#commoditysupernova argusmedia.com/en/news/240844…
"There is zero availability on the ground and some people actually flew some material from China," a trader in Europe said.
#molybdenum
#commoditysupernova argusmedia.com/en/news/240844…
"I am not going to make a position when prices are at an all-time high," the trader said.
Ie. everyone is running down inventory because prices are at 15 year highs and nearing all time high.. so there’s no moly to be found now
Ie. everyone is running down inventory because prices are at 15 year highs and nearing all time high.. so there’s no moly to be found now
Article speaks to a trader actually having to fly some molybdenum in…
What’s gonna happen is we will blow out to new highs. Squeeze and then settle back above the all time highs and contracting will begin. But it seems like with lower mining grades and production problems…
What’s gonna happen is we will blow out to new highs. Squeeze and then settle back above the all time highs and contracting will begin. But it seems like with lower mining grades and production problems…
Around the world, plus China opening up the only thing that will stop a super squeeze in molybdenum will be significant demand destruction in the west… new mines take years to come on so even with economy troubles, I expect moly to keep making higher highs and lower lows
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