Moly Investing News » China Molybdenum H1 profit rose by 13%

China Molybdenum H1 profit rose by 13%

August 26, 2008 @ 12:06 am In Moly Company News

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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