4 ms·
If anybody else is wondering how the molybdenum market is doing these days, here's a chart: https://www.mining.com/wp-content/uploads/2013/10/molybdenum.jpg ht
by thematrixturtle 4y ago
If anybody else is wondering how the molybdenum market is doing these days, here's a chart:
https://www.mining.com/wp-content/uploads/2013/10/molybdenum.jpg https://www.mining.com/wp-content/uploads/2013/10/molybdenum...
The price halving that killed the mine/town in the mid-1980s is barely visible at the very beginning. There was a massive price spike to above $10/lb around 2005, but it fell back to around $2 and has been pretty flat ever since. Production is reasonably evenly split between China, the US and Chile, so geopolitical risk is not huge.
- Vilkku 4y agoLooks like that chart doesn't contain information from the 80's. I found this chart where the 1980 price level and crash seems to be pretty significant: https://www.researchgate.net/figure/Historical-rhenium-metal-power-price-from-1952-2012-year-2012-Metal-Pages-2012-years_fig15_280079972 https://www.researchgate.net/figure/Historical-rhenium-metal...
- thematrixturtle 4y agoThat's rhenium, not molybdenum?
- xmcqdpt2 4y agoAFAIK all metals collapsed in 1980 due to Silver Thursday https://en.m.wikipedia.org/wiki/Silver_Thursday https://en.m.wikipedia.org/wiki/Silver_Thursday Different metals are correlated too. There are charts at the end of https://www.hwwi.org/fileadmin/hwwi/Publikationen/Research/Paper/HWWI_Research_Paper_155_2015.pdf https://www.hwwi.org/fileadmin/hwwi/Publikationen/Research/P...
- michaelcampbell 4y ago> The price halving that killed the mine/town in the mid-1980s is barely visible at the very beginning where? It starts at 1996.