Ministry of Natural Resources, Ministry of Industry and Information Technology issued 2020 first batch of rare earth ore tungsten mining total control targets
Recently, the overall domestic molybdenum price center of gravity slightly moved up, in the raw materials molybdenum concentrate supply is relatively tight under the support of the majority of shippers like to sell price psychology began to strengthen. Molybdenum concentrate rose 4.7 percent on December 4, with the latest offer of 1560 yuan per ton, up 6.12 percent in nearly a week, molybdenum oxide up 4.35 percent, the latest offer of 1680 yuan per ton, up 5.66 percent in the week, and ferro molybdenum up 0.46 percent, the latest offer of 109,000 yuan per ton, up 4.81 percent in nearly a week. Furthermore, with the recent higher bidding prices for mines in hebei region, molybdenum city performance is active, and the supply of low-price goods in the field is gradually reduced, supporting the confidence of mining enterprises to support the market. Some analyses believe that in the short term, molybdenum concentrate raw materials supply is tight, the market is difficult to obtain a mine, mining enterprises have a certain advantage. The shortage of raw materials is expected to last for some time, and molybdenum prices will remain firm.
