You are here

This year's worst commodity is also least known

Use of the metal tumbled 5.1 per cent this year, the biggest contraction since 2009, driven by a slowdown in China, the world's biggest metals and energy consumer, according to Macquarie Group.

New York

AN obscure metal used to make steel has become this year's worst-performing commodity, after China's stumbling economy and a collapse in the energy industry drove outsized losses.

Molybdenum - that's mo-lyb-de-num for the uninitiated - is used in many steel building...

Market voices on: