Articles Tagged "freeport mcmoran copper"

Copper Futures Lifted by Bullish US Data, Eurozone Debt Action Plan

Copper – Copper futures were volatile on Tuesday, but closed higher for the second-straight day as better-than-expected US consumer confidence data and a relative calm tone in the European markets overshadowed a disappointing home sales data.

Copper Rallies on Growing Supply Concerns

Copper – Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.

Stimulus spending could bridge the gap in molybdenum prices

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 [...]

Molybdenum cuts continue

Moly Investing News reports moly prices have been affected with the global economic slowdown. China just announced that its exports of molybdenum are down 6.1 per cent in October, and 21.6 per cent annually for the year on year period. China shipped out 2245 tonnes of molybdenum products in October, and 2230 tonnes in September. [...]

Molybdenum puts on the brakes

Moly Investing News reports molybdenum prices have been hit hard and is at its lowest since 2004. The market price of molybdenum oxide has been maintained on a comparatively high level at US$32 to US$33 per pound of Mo even while the other metals collapsed. This steep fall for molybdenum oxide is due to the [...]