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General Moly’s Share Price Up on AMER International Deal

The moly market saw some positive activity last week when US-based General Moly announced a "significant investment" and security purchase agreement with AMER International Group, a private multinational company based in China.

American CuMo Mining Hits ‘Major Stepping Stone’ at Idaho Project

American CuMo Mining has overcome a significant hurdle in the permitting process for its massive CuMo project in Idaho. The US Forest Service has released a draft supplemental decision notice, finding no significant impact, as well as a supplemental environmental assessment. The move will pave the way for completion of exploration work at CuMo.

Moly Prices to Rebound by 2020?

Moly prices could be in for a boost in the next five years. A report released Thursday states that China'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.