China Molybdenum Co Ltd declared that its first-half net profit is expected to fall significantly, hit by lower prices for its products because of the global financial crisis. For full story, click here
Continue reading "China Moly has warned H1 Profits to slip sharply"
Friday, May 15, 2009
Molybdenum miner Roca Mines has mothballed all exploration projects, slashed its workforce by 20 percent and halted plans to double output, in an effort to combat the effects of the global slump. For full story, click here
Continue reading "Roca Mines have cut costs, recovery in sight"
Friday, March 27, 2009
Erdene Resource Development Corporation reported that steelmakers will struggle to secure supplies of molybdenum in 2011 as the economic crisis spurs producers to shelve 100 million pounds of new supply. For full story, click here
Continue reading "Erdene forecasts global molybdenum supply falling short in 2011"
Tuesday, March 24, 2009
Steelmakers will have to struggle in order to secure supplies of molybdenum, used to toughen the metal, in 2011 as the economic crisis spurs producers to shelve 100 million pounds of new supply. Chief executive Peter Akerley stated: We would be looking at somebody who would help with investing in the project through” supply agreements, [...]
Continue reading "Global Molybdenum supply may face deficit in 2011"
Monday, March 9, 2009
Molybdenum prices are currently hovering around the $9 per lb mark, a drastic decline from last Augusts’ high of $34. Molybdenum managed to hold its price point longer than other metals; but in the fourth quarter of 2008 the steel industry’s defeat sent molybdenum on a free fall.
Continue reading "Weak steel demand takes a bite out of 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.
Continue reading "Will the stimulus jumpstart molybdenum?"
Tuesday, February 3, 2009
Global Hunter Corp. has hit 169 meters of .059% Molybdenum on its Rabbit South Project. For full story, click here
Continue reading "169 meters of .059% Moly hit by Global Hunter"
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.
Get our exclusive independent commentary on moly trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Wednesday, July 22, 2009