Mercator Reports First Quarter Results
Mercator Minerals Ltd. (TSE:ML) reported operational results for first quarter 2011.
Mercator Minerals Ltd. (TSE:ML) reported operational results for first quarter 2011.
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.
First quarter results from Mercator Minerals reflected a company in transition. For full story, click here
Mercator Minerals Ltd. reported that it has started shipping moly concentrates from its Mineral Park Mill. For full story, click here
Get our independent commentary on moly trends and companies delivered to your inbox.