Tag Archive | "freeport"

Freeport McMoRan announced first-quarter results

Tuesday, April 21, 2009

Freeport-McMoRan that produces copper, molybdenum and gold reported its first-quarter results Wednesday before the market opens. For full story, click here

Not-so-rosy picture for moly

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

MAX Resource Corp – Moly, Gold and Uranium

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.

Will the stimulus jumpstart molybdenum?

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.

Moly Miners Announce Earnings Drop

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.

Freeport McMoRan reduces molybdenum production

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

Government stimulus could boomerang moly

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.

Freeport revises moly sales plan

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 [...]

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