http://molyinvestingnews.com Objective News on Molybdenum mining, exploration, and Moly industry investing Tue, 22 May 2012 23:32:47 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://molyinvestingnews.com/1187-china-chasing-chile-for-moly.html http://molyinvestingnews.com/1187-china-chasing-chile-for-moly.html#comments Mon, 05 Oct 2009 15:19:16 +0000 Melissa Pistilli http://www.molyinvestingnews.com/?p=1187 Molybdenum, which is used to strengthen steel, sold on the spot market at a monthly average of almost $33/lb during the first half of last year, and actually was as high as $33.50/lb in daily trading. But, the spot price slipped to $25 in the second half and continued falling earlier this year - bottoming around $8/lb in April. Analysts predict the price at $12/lb in a couple of months.

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