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Company News

American CuMo Mining Completes Oversubscribed Private Placement

American CuMo Mining Completes Oversubscribed Private Placement

American CuMo Mining (TSXV:MLY) has closed its previously announced non-brokered private placement and increased the size of the offering to raise total gross proceeds of $550,000. Proceeds will be used for general corporate purposes and to reduce American CuMo's working capital deficit.

Taseko Mines Releases Q3 Production Results

Taseko Mines Ltd. (TSX:TKO,NYSEMKT:TGB) announced its Q3 production results, commenting that its Gibraltar mine put out 35.4 million pounds of copper and 650,000 pounds of molybdenum.

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Market News

Asian Moly Oxide Buyers on the Hunt for Lower Prices

Platts reported that Asian buyers of molybdenum oxide are looking to buy the material for under $10 per pound. The news outlet's daily moly oxide dealer price sat at $9.90 to $10 per pound on Tuesday.

New Research Adds to Possibilities for Moly Disulfide

IEEE Spectrum reported that research from Columbia University and the Georgia Institute of Technology shows that molybdenum disulfide "exhibits piezoelectricity and the piezotronic effect."

Oreninc’s Benjamin Cox on Moly Supply and Demand

In a recent video, Benjamin Cox, managing director at boutique merchant bank Oreninc, discusses molybdenum supply and demand, concentrating on how it's connected to copper.

Peru Reports Lower August Moly Output

Platts reported that in August, Peru's molybdenum production sank year-over-year, as did its copper, tin and gold output.

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