Stimulus spending could bridge the gap in molybdenum prices

email Email  Print Print  
Tue, Feb 24, 2009
Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Moly Investing News reports molybdenum prices may have an upswing effect with the stimulus spending package.

The market price of molybdenum oxide in the 2008 fell steeply from US $34 per pound to US$ 8.75 per pound at the end December. Speaking at the BMO Global Metals and Mining Conference on Monday, Freeport McMoRan Copper & Gold Inc CEO Richard Adkerson claimed the reason for this sharp price fall of molybdenum oxide was a sudden and considerable shrink of the world demand for molybdenum.

For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Resource Investing News' Comment Policy?
Resource Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Resource Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.

Latest Resource Articles

Resource Articles By Category

Information