Molybdenum (Moly) Prices Rising-Expected to Rise Further
Molybdenum, a metal used in the heat treat industry because of its’ high temperature resistance is primarily seen in the heat treat industry in vacuum applications. Since the beginning of 2021 Molybdenum pricing has increased 27 USD/Kg or 114.89% according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity making the pricing the highest since 2008. Predictions are that it will continue to climb in price although not at the pace that we have been seeing. For users of moly it is expected that quoted prices will only be good for 1-2 weeks. While pricing for moly has increased substantially it is not that far off of all commodity pricing these days.
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