LONDON (Metal-Pages) 05-Feb-10. After the restocking in January, February is set to be a month for reflection, and most markets are cementing their positions this week. Molybdenum has corrected upwards, cobalt downwards, both are poised for more activity next week when market players meet in London. It is one week before the Chinese New Year, so delay in new deliveries of some metals from China, such as antimony and manganese are supporting these markets. Mid-February is likely to be the time to pause for breath before the markets establish a clearer direction in March. Meanwhile steelmakers and car manufacturers alike are sounding a note of caution. Wolfgang Eder, chief executive of Austrian steel major Voestalpine and president of steel makers’ association Eurofer this week slammed the restarting of too many idled blast furnaces in Europe, blaming the “premature build-up of production” in ...
05 Feb 2010 by Metal-Pages
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14:45 : Australia's Dart Mining says molybdenum drilling has confirmed the potential for an increase in the size and grade of the JORC-compliant resource at the Unicorn project in Victoria.
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