The price of molybdenum on the LME is down to its lowest level since July of 2010. Weak demand for stainless steel and the summer slowdown in the production of steel are factors. This could represent a bottom for the price as supporting factors come into play in the coming months.
Continue reading "Molybdenum Prices Trending Downward"
Thursday, March 24, 2011
Japan will need massive amounts of steel to rebuild what the tsunami washed away. Infrastructure and new automobiles will pave the way for steel demand in the country. While the events in Japan are horrific and depressing, and may affect global markets for quite some time, the need for steel will likely use up a large portion of the surplus that is currently holding down the price of moly.
Continue reading "Molybdenum Demand and the Rebuilding of Japan"
Friday, December 24, 2010
MGold Resources Inc. (CVE:MNI) is undertaking a non-brokered private placement of up to $500,000 of units.
Continue reading "MGold Announces Private Placement Offering"
Tuesday, November 16, 2010
Augusta Resource Corporation (TSE:AZC,AMEX:AZC) announces that the Environment Impact Statement contractor SWCA of Tucson, Arizona has delivered yesterday.
Continue reading "Augusta Provides Rosemont Copper Permit Update"
Wednesday, October 20, 2010
Analysts are bullish for the future of the molybdenum market stemming from growth projection in China. Steel demand, and consequently, demand for moly is expected to grow by 9 percent through 2012.
Continue reading "Growth in the Molybdenum Market"
Tuesday, January 13, 2009
In April 2007, when the Sprott molybdenum fund was created, the minor metal was on a fast track. When the fund was created the metal was trading consistently at US $25 per lb; after the ETF was up and running moly cruised to US $ 40 per lb.
Continue reading "Sign of the times, molybdenum ETF liquidates"
Monday, December 15, 2008
Slower Chinese buying impacted Ferro-molybdenum prices between last Wednesday and Friday; however, the US’s proposed $136 Billion infrastructure spending plan capped the downside. Western-grade Ferro-molybdenum fell to $24.50-26.50 per kg from $26-28 per kg previously, with the bulk of material sold towards the low end of the range.
Continue reading "New pipelines will spell success for moly"
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.
Continue reading "Economic malaise causes moly prices to collapse"
Friday, August 29, 2008
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.
Continue reading "Molybdenum holds its ground"
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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Thursday, July 14, 2011