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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
AGORACOM Wire - Wednesday February 15th, 2012
Breaking News ....
Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More
Top Sector Stories ....
Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile
Strike Graphite goes "Beyond the Press Release"
McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release
DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release
AGORACOM Launches GraphiteStocksBlog.com
We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.
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| Molybdenum market holds around 12-month highs, China holds line on offers |
| By Martin Hayes - Senior Correspond |
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| London, 26 February 2008 - Molybdenum prices were stable and sitting at their highest for 12 months in Europe on Tuesday, helped by general trends in the noble-allo "It is actually quiet, but it is very steady at the moment and there is no sign of prices coming off -- the Chinese are keeping their offers up," a trader said. Western and Chinese grade ferro-moly The slightly unsual premium for Chinese metal is because producers there are looking to nudge the price up. Analysts expect a tight market this year, as by-product output from key copper producers will be hit by declining molybdenum ore grades. In 2006, total molybdenum supply was 428.6 million pounds, with demand reaching 439 million. Last year, supply was around 430.2 million pounds, but demand is seen strong at 455 million pounds. This has generated shortfalls of some 10 million and 24 million pounds respective Molybdenum supply has largely remained stable, as lower production by Western producers has been offset by increased output from China. The US is the world's biggest producer of molybdenum -- it has a 33 percent market share -- with China accounting for 22 percent. CHINA EXPORT TRENDS Despite rising production in China -- output was nearly five percent higher in 2007 at some 101 million pounds -- the country's exports are in a downtrend. The country's high level of steel production and consumptio Molybdenum The market hit record highs of $100 in 2005, and although there has been a downward reaction since then, prices at current levels are still a significan |
| MinorMetal press@mino |
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