Molybdenum crosses the key $10.00 per lb price line

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Mon, Jun 1, 2009

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Moly Investing News reports moly prices have gradually increased surpassing $10.00 per lb.

Miners are hoping the metal continues the trend, claiming a price minimum of $10.00 per lb is essential in order to turn a profit. Moly was trading at $33.50 per lb before the financial crisis sent a shockwave through the global economy.

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