Moly Outlook 2015: First Half of Year May Bring Price Bump

Moly Outlook 2015: First Half of Year May Bring Price Bump

2014 was a quiet year for the moly space, though December brought two interesting pieces of news. Looking to the future, those hoping to see a stronger moly market in 2015 may end up getting that wish in the short term, but perhaps not in the long term.

Moly Prices to Rebound by 2020?

Moly prices could be in for a boost in the next five years if the metal is buoyed up by increased consumption and production in China.

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Company News

American CuMo Settles Case with Previous Management

American CuMo Settles Case with Previous Management

American CuMo (TSXV:MLY, OTCQX:MLYCF) announced that it had reached out of court settlements with previous management in a variety of suits filed between the two parties. No details of the settlements will be released. The company also announced it will hold its annual general meeting on February 27, 2015 at a yet to be determined location.

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Market News

Time May be Right to Invest in Molybdenum

Wall Street Daily reported that the price of molybdenum may be close to hitting bottom, meaning that the metal may present an opportunity for investors.

Professor Looks at Moly Mine Microbiology

WIRED.com reported that a Colorado School of Mines professor is examining how the presence of humans at Freeport-McMoRan Inc.'s (NYSE:FCX) Henderson mine has altered its "geochemical and geobiological reality."

Moly Oxide Price on the Rise

Platts reported that on Thursday, molybdenum oxide prices continued to increase as producers suggested that the material is in short supply.

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