Moly Price Rising from Improving Long-Term Fundamentals
1. Moly was the second best performing metal in price appreciation after cobalt amongst BMO Capital Market’s universe of metals and mined commodities. 2. Source: CPM Group. 3. Source: SMR Research. 4 . Source: CPM Group projection.
Molybdenum (“moly”) is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, moly enhances steel strength, resistance to corrosion, and extreme temperature performance. Within the chemical industry, moly has an important role in the petroleum refining process, acting as a cracking agent to remove sulfur from liquid fuels.
Learn more about the moly Market, Uses, Demand and Supply in About Moly.