A fluctuating greenback coupled with fears of a global recession has sent many of the metals on a tailspin. In just the past few months, the spot prices for base metals copper, zinc, and nickel are down 12%, 30%, and 42% respectively.
Read the full article: "Molybdenum holds its ground"
Friday, August 29, 2008
China Molybdenum Company reported that a global shortage of 2,000 tonnes in 2008 will prevent prices from declining.
Mr Wu Wenjun, GM of China Molybdenum, said:
Production may decline in Chile and China, ensuring that a deficit will last for quite a while.
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Read the full article: "Global shortage to prevent Moly prices from..."
Thursday, August 28, 2008
Nanika’s experienced management team is focused on the responsible development of the Lucky Ship Molybdenum deposit located in North Central British Columbia Canada.
Read the full article: "Nanika Resources Inc: The Lucky Ship..."
Thursday, August 28, 2008
The molybdenum market is bracing for price increases in September on increased buying activity from stainless steel mills and mounting concerns over a consistent supply. The availability of ferromolybdenum remains tight as output falls at a number of major producers.
Read the full article: "Moly Market Braces for Price Increase"
Tuesday, August 26, 2008
GREAT PANTHER RESOURCES LIMITED reported that evaluation at the Bull’s-Eye Zone on the Mapimi Project, Durango, Mexico, has been expanded to an area in excess of 250 metres in diameter.
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Read the full article: "Great Panther Enhances Molybdenum Discovery..."
Tuesday, August 26, 2008
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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Read the full article: "China Molybdenum H1 profit rose by 13%"
Thursday, August 21, 2008
SIRIOS RESOURCES INC. began the diamond drilling program on its molybdenum-copper-gold property TILLY in James Bay, Quebec.
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Read the full article: "SIRIOS begins Diamond Drilling on TILLY..."
Wednesday, August 20, 2008
Sultan Minerals reported results of its underground drilling program at its 100%-owned Jersey Emerald molybdenum-tungsten property near Salmo.
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Read the full article: "Jersey Emerald drilling yields 0.15% MoS2"
Tuesday, August 19, 2008
Canada based Erdene Resource Development Corp reported that its Mongolian Zuun Mod Molybdenum Project has become one of the largest and most advanced molybdenum projects in northern Asia.
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Read the full article: "Zuun Mod Molybdenum site one of most..."
Sunday, August 17, 2008
Highbank Resources Ltd. reported it has received a NI 43-101 Geological Report on the Ireland based Mace molybdenum (”moly”) Prospecting Licenses.
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Read the full article: "Highbank Received Geological Report on..."
For upcoming molybdenum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Friday, August 29, 2008