Molybdenum prices, $/mt last = 24892 1w: 0 (0%)
20212022
Consensus (median)1830019000
High1990019000
Low1780019000
Standard Deviation7280
Count of Estimates51
History
Forecast
CARG Summary (Price)
RankN/S0*1*2*3*4*5*
Strong Gr.       
Growth       
Flat       
Decline       
Strong Decl.       
Forecast Distribution
Company plot
[Neutral]

I see upside potential for moly from demand recovery from oil and gas sector (demand still remains well below pre-2015 levels)

[Neutral]

I assume that current prices makes market balanced and I do not expect any significant movements up or down. On the one hand, I expect recovery in demand from stainless steel and also booming demand for moly chemicals, particularly in China. On the other hand, that will be compensated by supply growth from new copper by-product projects (Centinella, Cobre de Panama, Las Bambas, Tocquepala, Toromocho and Koktenkol) and the return to normal or planned production at existing producers.