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"
Thursday, February 12, 2009
Japan Oil, Gas and Metals National Corp (JOGMEC) will give 4.5 billion yen to Nippon Mining & Metals Co Ltd and Mitsui Mining and Smelting Co Ltd for feasibility studies at Chile’s Caserones copper project that is expected to provide an annual average of 3,000 tonnes of molybdenum over 26 years. For full story, click here
Continue reading "Japan’s JOGMEC gives funds for Caserones project"
Friday, February 6, 2009
Chinese traders are back in the market after the Lunar New Year holidays and are looking to buy molybdenum products from Japan and South Korea. For full story, click here
Continue reading "Chinese traders back in the market to procure Moly"
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