molyinvestingnews.com
Moly Price
Price Projections
Most analysts are confident molybdenum is poised to make a comeback in 2010. In January 2010, JP Morgan analysts forecast the metal rising to around $21 per pound by the end of this year, and possibly rising as high as $24 per pound by the end of 2011.
In April 2010, BMO Capital Markets said it believes improved stainless steel and steel product demand this year will continue to support moly prices. BMO analysts forecast an average annual price of $16.82 per pound for 2010.
Along with this upward trend, nevertheless, investors should expect price volatility to continue. According to international metals and minerals research group, Roskill, moly prices will rise above $20 per pound in 2011 on strong demand. The research group also says a supply deficit in the market by 2014 is possible and may drive prices as high as $40 per pound.
https://molyinvestingnews.com/investing-in-molybdenum/moly-price