[Ferro-Alloys.com] Molybdenum was the worst-performing metal of 2015, but showed a strong recovery this year despite volatile prices driven by an oversupplied market with low demand.

[Ferro-Alloys.com] Molybdenum prices will rise over the next two years as rising demand tightens a global surplus of the metal, a Chilean government agency said in a report Thursday.

[Ferro-Alloys.com] The market of molybdenum operates stably in this week. Molybdenum concentrate mainstream price is RMB1,030-1,100/mt, and ferromolybdenum mainstream price is RMB74,000-76,000/t, The offer of molybdenum oxide is RMB1,110-1,150/mt.

[Ferro-Alloys.com]SHANGHAI, December 14, SinoCast -- The Democratic Republic of Congo has approved China Molybdenum to take over the Tenke Fungurume copper mine at USD 2.65 billion.

[Ferro-Alloys.com]Molybdenum prices were unchanged this week as market participants continued to keep hold of stocks in anticipation of demand from the bidding result of steel mill.

[www.ferro-alloys.com]This week International molybdenum contributed to spread pessimism due to the whole prices of molybdenum in China have started to fall. Moly oxide and ferromolybdenum exports were affected considerably, there’s growing concern the supply...

[Ferro-Alloys.com]The prices of FeMo60# were RMB 59,000/mt, and FeMo65# RMB 639,167/mt. Moly Concentrate45% was offered at RMB800/mtu, up RMB20/mtu. Moly oxide 51% was quoted at RMB880/mt, up RMB30/mtu.

North America eclipsed China as the biggest producer of rare earth metal molybdenum in the second quarter of 2014, the International Molybdenum Association (IMOA) reports.