The recessionary phase of the business cycle appears to be moving toward an end in nearly all major consuming regions. The global downturn, which began roughly 18 months ago, led to a severe deterioration in the molybdenum market’s supply - demand outlook. Molybdenum prices quickly headed lower in late September 2008 as the world economic environment turned decidedly worse. Prices fell from $31.80 in October 2008 to $7.70 in April 2009. Prices did not stay low for long. By the end of 2009 molybdenum prices had more than doubled from their lows in April despite this cyclical weakness. Molybdenum prices averaged $13.17 during the second half of 2009, up 45.1% from the first six months of the year. [ Read the 21 Page Report Here ]
Molybdenum
The recessionary phase of the business cycle appears to be moving toward an end in nearly all major consuming regions. The global downturn, which began roughly 18 months ago, led to a severe deterioration in the molybdenum market’s supply - demand outlook. Molybdenum prices quickly headed lower in late September 2008 as the world economic environment turned decidedly worse. Prices fell from $31.80 in October 2008 to $7.70 in April 2009. Prices did not stay low for long. By the end of 2009 molybdenum prices had more than doubled from their lows in April despite this cyclical weakness. Molybdenum prices averaged $13.17 during the second half of 2009, up 45.1% from the first six months of the year. [ Read the 21 Page Report Here ]