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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

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.

China’s Moly, Tungsten Industries to See Less Growth

Metal Bulletin reported that an industry official believes China's molybdenum and tungsten industries have begun a period of decreased growth. He described the slowdown as the "new norm."

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