TEX molybdenum market review of 2011 and outlook for 2012

As explained by the price drop during the second half, 2011 was a year of oversupply as a whole. In 2010, the increase in world demand by 15% to 16% together with the imports in big volume by China led the market to a short supply situation. However, as 2011 started, China all of a sudden held

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