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molybdenum

The analysts' prediction suggests that the molybdenum market will experience an annual growth rate of 3% during the years 2017 to 2021. In 2017, the price of molybdenum experienced relative increases, and it is predicted that this upward trend will continue at a higher rate in 2018. At the end of 2016, the price of molybdenum oxide in the global market was $6.7 per pound (equivalent to approximately $14,770 per ton), which reached $8.65 per pound (equivalent to approximately $19,070 per ton) by mid-October 2017. However, this figure saw a decline again until mid-December, reaching $7.26 per pound (equivalent to approximately $16,000 per ton).

mineral industry

According to Sima, Mehdi Karbassian, emphasizing that the commodity exchange provides transparency in transactions, said: "It should be noted that the purpose of creating a collection called" commodity exchange "is to discover the price of goods based on supply and demand approach. This is one of the most important functions of the commodity exchange in the capital market to help the rational balance in supply and demand mechanisms, and then suppliers and demanders can operate in various sectors such as petrochemical, agricultural and industrial products.