China to define global price for molybdenum
The global consumption of molybdenum is set to grow by an average of 9% in the next 12 months market experts predict.
“China is awaited to define the key trends on the global molybdenum market. The major part of the world molybdenum demand and around 35% of molybdenum mined volumes belong to China,” according to the new Merchant Research and Consulting report entitled Molybdenum Market Review.
“Moreover the growth in steel market here is forecast to outpace the average country’s GDP growth which will definitely impact the global price for molybdenum.”
