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Thompson Creek to Suspend Endako Mine on Moly Price Weakness

The company confirmed last month that its Thompson Creek moly mine will be put on care and maintenance at the end of the year, then said Wednesday that operations at Endako, a moly mine it has a 75-percent stake in, will be suspended at the same time.

Moly Prices to Rebound by 2020?

Moly prices could be in for a boost in the next five years if the metal is buoyed up by increased consumption and production in China. A report released Thursday states that the country's moly consumption is set to hit 120,000 metric tons in 2015, reaching 135,000 MT by 2020.

Should You be Worried About Moly-99 Supply?

In short, yes. The supply situation for molybdenum-99 is precarious, and that could be a problem given that it's used to produce to technetium-99m, a key diagnostic tool used in nuclear medicine.