Will the stimulus jumpstart molybdenum?
The steel sector has been deeply impacted by the global economic climate; with an approximate 50% decline in production. Moly, as an important alloy, is following suit.
Articles Tagged "financing"
Peru’s miners lack financing due to weak mineral prices
Peru’s minign sector, one of the major producers of Molybdenum, is suffering from weak mineral prices and showing signs of slowing as financing for projects are drying up. Peru’s Sociedad Minera Cerro Verde SAA recently reported that it would suspend its molybdenum circuit due to weak market conditions. For full story, click here
