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Molybdenum price forecast raised on stronger fundamentals

BMO Capital Markets has raised its price forecast for molybdenum on the back of expected limited output growth and rising demand from the oil and gas markets.

Molybdenum price forecast raised on stronger fundamentals Molybdenum price forecast raised on stronger fundamentals Molybdenum price forecast raised on stronger fundamentals Molybdenum price forecast raised on stronger fundamentals Molybdenum price forecast raised on stronger fundamentals

Looking good: molybdenum prices are on the rise

The bank increased its forecast for the metal to US$10.75 per pound for 2018 and $9.50/lb for 2019 before reaching a long-term equilibrium of $7.50/lb.

Spot molybdenum oxide quotes are c...