Molybdenum supply from Chile, Peru down in 2022 on droughts, social unrest

The problems facing the supply of molybdenum from South America have been worsened by growing social unrest in Peru, contributing to market tightness and higher ferro-molybdenum prices, Fastmarkets heard on Thursday February 9.

The supply had already decreased during 2022 because of a drought in Chile and lower ore grades being mined there, according to official data seen by Fastmarkets.

Since December 2022,...


Renato Rostás

Sofia Okun

February 09, 2023

13:50 GMT

London; São Paulo