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CPM says global molybdenum supply deficits will grow in 2009 and 2010 Print E-mail
Written by CPM/Mineweb   
Thursday, 10 July 2008
In its latest molybdenum market study, CPM says tight credit market s and other developments have caused molybdenum’s forward supply curve to shift over the past year.

Commodities research firm CPM Group says financing for molybdenum mining projects "has become an uphill battle for some of the new primary and by-product producers."

Meanwhile, the delays in bring new primary moly or copper/moly mining projects on line have exacerbated the moly supply deficits forecast for 2009 and 2010, according to CPM's study, The Sustainability of Recent Molybdenum Prices, 2008.

The report asserts that supply deficits are expected to be larger over the next two years, followed by slightly larger surpluses from 2011 through 2014.

Meanwhile, CPM says the price outlook for molybdenum going forward "has become moderately more bullish than previously projected. The upward revision in the expected prices for molybdenum is partially supported by climbing capital expenditures, the sharp increase in diesel prices, higher electricity prices in China, and loftier freight charges."


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