Plentiful supplies to hamper molybdenum's price rally

LONDON (Reuters) - Bargain hunters have helped molybdenum recover after prices crashed to two-year lows, but ample supplies of the metal used to make stainless steel mean further significant gains for now are unlikely, analysts say.Prices of the metal , valued for its anti-corrosive and strengthening properties in the oil & gas and automotive industries, fell towards $8 a lb two weeks ago. The slide started in September, triggered by one producer selling at a discount to prices in the spot..