2016 molybdenum outlook
Unfortunately, low demand and oversupply are expected to continue weighing on molybdenum in 2016.
As mentioned, the current lack of molybdenum demand is closely tied to “China’s stumbling economy.” Why? Because most molybdenum goes toward steel production, which is driven largely by industrial activity in the Asian nation. Essentially, that means that if Chinese economic growth does not pick up, molybdenum demand is unlikely to grow.