China Molybdenum H1 profit rose by 13%
China Molybdenum Company reported that its first half profit increased by 13% on YoY basis due to higher prices.
Mr Wu Wenjun executive director manager for China Molybdenum said:
A global shortfall for molybdenum will last 3 years. He added that mines in Inner Mongolia and Henan will take time to expand capacity.
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Tue, Aug 26, 2008
Post by Melissa Pistilli, Moly Senior Reporter