Freeport-McMoRan that produces copper, molybdenum and gold reported its first-quarter results Wednesday before the market opens. For full story, click here
Continue reading "Freeport McMoRan announced first-quarter results"
Thursday, February 26, 2009
Despite a dour near-term forecast for Freeport’s moly production, CEO Richard Adkerson is convinced that the company’s assets will be very valuable in the longer term. For full story, click here
Continue reading "Not-so-rosy picture for moly"
Tuesday, February 24, 2009
MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include “Molybdenum” in Alaska and Nevada, “Gold” in Alaska, Nevada and British Columbia and “Uranium” in New Mexico, Arizona and northern Canada.
Continue reading "MAX Resource Corp – Moly, Gold and Uranium"
Friday, February 20, 2009
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.
Continue reading "Will the stimulus jumpstart molybdenum?"
Monday, February 2, 2009
In 2008, molybdenum cost an average of $29/lb after peaking at $30 in 2007. On a monthly basis, however, molybdenum has sold for less than $10/lb for two months now. Investment bank Dahlman Rose & Co. in New York expects molybdenum to average $12/lb this year.
Continue reading "Moly Miners Announce Earnings Drop"
Friday, January 30, 2009
Freeport McMoRan Copper & Gold of Phoenix forecasts its sales to slide 15% to 60 million lbs in 2009 from the 71 million lbs shipped in 2008. The company has revised annual production plans at Henderson for 2009 at a 25% reduction. For full story, click here For Freeport’s site, click here
Continue reading "Freeport McMoRan reduces molybdenum production"
Monday, January 26, 2009
As the shock waves spread around the global economy; many analysts are starting to hedge their bets on when a recovery will start. In their Global Metal’s Report released this week, Morgan Stanley gave their take on the near future for the molybdenum market.
Continue reading "Government stimulus could boomerang moly"
Wednesday, December 17, 2008
Freeport McMoRan Copper & Gold Inc of the USA reported last week that the company revised its plans for Molybdenum sales in response to weakening market conditions. The projected sales of molybdenum by is declined by 12.5% in 2009 and 30% in 2010 respectively as compared to previous plans. For full story, click here For [...]
Continue reading "Freeport revises moly sales plan"
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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Tuesday, April 21, 2009