Molybdenum has gone from an obscure metal, to a high performer garnering the attention of the LME, and then back to an undervalued alloying metal. Once an overlooked player in the investment arena, interest in moly picked up when worldwide spending on infrastructure took off, sending the metal’s price to new heights.
Read the full article: "Moly’s price plummet"
Thursday, November 20, 2008
Quadra Mining has postponed plans to begin construction of molybdenum mine in East Greenland due to recent decline in metal prices.
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Read the full article: "Greenland’s Molybdenum mining project on..."
Thursday, November 20, 2008
The Copper Metro District received a big boost towards its new fire station due to $63,000 donation by Climax Molybdenum for the project.
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Read the full article: "Climax Molybdenum donates $63,000 toward..."
Wednesday, November 19, 2008
The sudden and violent drop in molybdenum prices from $26 to $12 has left investors in shock.
George Topping, an analyst at Blackmont Capital said:
Looking at market reports, we’re hearing of trades in single digits. It’s an amazing decline.
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Read the full article: "Moly plunge hurts investors"
Wednesday, November 19, 2008
Roca Mines Inc. provided production review for its MAX Molybdenum Mine and an outlook for ongoing operations. The MAX Molybdenum Mine has recently produced 245,754 lbs of molybdenum during September 2008 and 187,979 lbs of molybdenum during October 2008.
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Tuesday, November 18, 2008
Molybdenum prices have fallen suddenly to a large extent on the end of last week due to suspension of molybdenum purchases for long period and financial situation at consumers.
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Read the full article: "Molybdenum prices decline to lower level..."
Tuesday, November 18, 2008
Erdene Resource Development Corp. provided an update on the company’s principal projects in conjunction with the release of its Q3 results. The company reported that Resource delineation drilling was completed at the Zuun Mod molybdenum project and also announced extension of mineralization.
Peter Akerley, President and CEO, said:
The past several weeks have been one of the [...]
Read the full article: "Erdene Reports Q3 Financial Results"
Tuesday, November 18, 2008
Shares of Queensland Ores Ltd. decline by the most on record in Sydney after stopping production at its Wolfram Camp tungsten and molybdenum mine in Australia because metal prices fell and it failed to meet ore grade targets.
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Read the full article: "Queensland Ores Shares decline on Molybdenum..."
Monday, November 17, 2008
After moly held its position over months of poor market sentiment, the metal has been hit hard. Just over a few weeks, the market price of molybdenum oxide has fallen by a whopping 30%.
Read the full article: "Molybdenum puts on the brakes"
Tuesday, November 11, 2008
After holding its ground much longer than other base metals, molybdenum’s price point has given way to the global economic current. The metal was stable in the $32 to $35 a pound range for much of this year; holding its value compared to the price plummet of the other base metals.
Read the full article: "Economic malaise causes moly prices to..."
For upcoming molybdenum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Monday, November 24, 2008