A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte started working for Investing News Network in the spring of 2012 and now specializes in writing about diamonds, precious metals, base metals and graphite. She holds a Certificate in Editing from Simon Fraser University, which she completed in 2013.
General Moly Inc. (TSX:GMO,NYSEMKT:GMO) updated the operating cost estimate and project economics for its Nevada-based Mt. Hope project, commenting that over the first full five years of operation, direct operating costs are expected to average $6.28 per pound, while costs applicable to sales should average $7 per pound.
Foster Wheeler AG (NASDAQ:FWLT) announced that a contract for “engineering, procurement and related services” for a grassroots, Chile-based molybdenum refinery has been awarded to a subsidiary of its Global Engineering and Construction Group. The contract was awarded by an affiliate of CODELCO, and the new facility will be one of the largest of its kind.
Metal Powder Report reported that according to the International Molybdenum Association, global molybdenum use in the second quarter of 2013 came to 127.3 million pounds, up 4 percent from the 122.6 million pounds produced in the previous quarter.
Metal Bulletin reported that although spot molybdenum prices in the United States have improved this quarter, American moly producers are still “cautious in their assessment of long-term contracts and consumer demand.”
Metal Bulletin reported that attendees of this week’s Metal Bulletin Molybdenum Market Forum believe that even if China decides to revisit its export policy, the international market is still unlikely to be overwhelmed by molybdenum exports from the country.
Copper Fox Metals Inc. (TSXV:CUU) provided, via its subsidiary, Desert Fox Minerals Co., an update on the geochemical sampling and surface mapping program taking place at the Sombrero Butte copper project, located in Arizona’s Bunker Hill Mining District 44. Highlights include the identification of two large areas of “elevated geochemical concentrations of copper and molybdenum with vein controlled copper-molybdenum mineralization.”
Platts reported that its daily molybdenum oxide price is $9.80 to $9.90 per pound, though most deals are being conducted at the bottom of that range. Traders do not seem to be overly optimistic about prices.