Moly – Bloomberg reported that Sichuan Hanlong Group's founder is being held on murder charges, which is casting doubt on the future of the intended mining investment in Sundance Resources Ltd in West Africa and in General Moly Inc. Mt. Hope molybdenum mine.
Moly – Platts reported that Junduicheng Molybdenum (JDC) says that they will ramp up production for 2013 to 38,500 mt of moly concentrate in 2013.
Moly – Platts reported that spot buyers and sellers of molybdenum oxide powder are moving close towards a common price on Friday.
Moly – Platts reported that, despite an uptick in the Japanese economy, demand for molybdenum-containing stainless steel scrap was weak through January.
Moly – Platts reported that Japan's demand for molybdenum oxide powder is expected to fall by 10-15 percent year-over-year, pushed down by potential slowdown in the automotive industry.
Moly – Platts reported that molybdenum oxide prices jumped up over the course of the week, despite a drop on Friday.
Moly – Platts reported that the latest data from the General Administration of Customs of China shows that October imports of molybdenum ores and concentrates dropped sharply 73.6 percent year-to-date to 377 mt.
Moly – Victory Mountain Ventures Ltd. (TSXV:VMV) hopes to raise $2.5 million as capital for its interests in Copper, Gold, Silver and Molybdenum through a non-brokered private placement of up to 10,500,000 units.
Moly – Platts reported that South Korea's Doosan Heavy Industries & Construction was responsible for activity on the Asian molybdenum oxide market on Wednesday, which was otherwise quiet.
Moly – Platts reported that spot trade of molybdenum oxide in Asia this week remained thin, with buyers extending low offers.
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