Molybdenum, which is used to strengthen steel, sold on the spot market at a monthly average of almost $33/lb during the first half of last year, and actually was as high as $33.50/lb in daily trading. But, the spot price slipped to $25 in the second half and continued falling earlier this year - bottoming around $8/lb in April. Analysts predict the price at $12/lb in a couple of months.
Continue reading "China Chasing Chile For Moly"
Tuesday, May 12, 2009
Prices for molybdenum in the United States have surged slightly during the past three weeks, giving rise to hopes among some traders and producers that they’ve finally lifted off the bottom. For full story, click here
Continue reading "Moly tags may have bounced off bottom in US"
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.
MolyInvestingNews.com maintains a focus on Moly exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Monday, October 5, 2009