Moly Investing News reports China chasing Chile to be the top placing as a moly exporter.
According to the data compiled recently, Chile exported 27,097 tonnes in material of molybdenum in the first half of 2009, having increased by 12.6 per cent compared with that of 24,054 tonnes in the same period of 2008.
The quantities of molybdenum exported from [...]
Moly Investing News reports molybdenum price has not recovered as much asthe other metals in the beginning of the new year.
Despite a positive turn to most metal’s prices in 2009, molybdenum has continued its downward descent, falling in 11 of 13 weeks in Q1. The monthly Platts Metals Week published molybdenum oxide price averaged US [...]
MAX Resource (CVE:MXR) reported today significant moly grades at their Ravin property in Nevada. MXR reported up to 1.397% molybdenum over 1.2 feet and 18.3 feet of 0.2133% moly at only 156 feet depth.
Clancy Wendt, MAX’s VP Exploration is reported as saying:
… our first hole DDH-08-04 confirmed extensive near surface high-grade molybdenum mineralization is present at [...]
Moly Investing News reports molybdenum imports into China soared.
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February. A total of 4,606 tonnes of moly concentrate or oxides were imported in February, 97 per cent higher than January. Imports of moly have surged because Chinese producers have found themselves largely unable to [...]
Moly Investing News reports molybdenum prices have been making a slow recovery in this global recession.
Molybdenum has crashed from $33 per lb in mid ‘08, to its Friday closing value $8.70 per lb. Analysts predicts the metal is in for a slow recovery this year, and is anticipated to average $11.00 per lb. The price [...]
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 [...]
Moly Investing News reports molybdenum price is impacted by the slow buying by the Chinese.
Molybdenum is already in a tight supply situation that has been aggravated by recent shutdowns and output curtailments. Moly demand typically grows at a rate of 4 per cent to 6 per cent each year, and in order to supply this [...]
Moly Investing News reports molybdenum prices have skyrocketed when the global spending on infrastructure took new heights.
High prices and demand caused copper miners who produced moly in secondary production to copper to turn their focus to that metal. At the same time, junior miners and big players began exploring for primary producing moly mines.
Over the [...]
Moly Investing News reports molybdenum will be added to the London Metal Exchange in the second half of 2009.
The move was announced on Sept 4 when the LME board voted in favour of adding both, molybdenum and cobalt to its futures trading.
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Monday, October 5, 2009
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