Armenia: molybdenum output down in January 2019
In January Armenia produced 822 tons of molybdenum concentrate, down by 8.8% MoM and by 14.1% YoY, and 485 tons of FeMo, down by 31.7%, but up by 41% respectively. The molybdenum output decrease is due to the low demand from Europe, the key sales market. In mid-January FeMo (60-70% Mo) prices in Europe fell…