Reports of mineral wealth in Afghanistan exceeding $1 trillion may seem like terrific news for the war torn nation; however, when faced with the political realities, seem less attractive to international mining companies. Is the release of internal Pentagon memo’s just days before a Senate hearing a political ploy or a mining reality?
Tuesday, May 25, 2010
Australia’s new “Super Profit” tax on mining companies may scare off investment and hurt the profitability of mining operations, say analysts. However, economists and government officials disagree. After billions of dollars worth of investments into molybdenum operations in Australia, how will this proposed tax affect the mining industry?
Continue reading "Australia’s Super Profit Tax Sparks Concern"
Monday, July 27, 2009
Ferro-molybdenum and molybdic oxide continued their rally this past week, as frightening low stockpiles have traders worried that if the purchases accelerate, there simply won’t be enough moly to go around.
Continue reading "Low Inventories have molybdenum poised to recover"
Wednesday, June 24, 2009
Demand from Asian markets has boosted molybdenum over the past weeks, in spite of lagging North American demand. The strategic metal is currently trading in the range of $10.60 to $10.80 a pound, up from $10 to $10.50 a pound less than two weeks ago.
Continue reading "Molybdenum gets a boost"
Monday, May 18, 2009
As a minor metal, molybdenum is prone to rapid price fluctuations; in the past this had generated huge returns on investment. Molybdenum was one of the last metals to feel the effects of the economic downturn, but has failed to match the recovery experienced by many metals since the start of the New Year.
Continue reading "Analysts reduce molybdenum price forecast"
Monday, March 2, 2009
Molybdenum has crashed from $33 per lb in mid ’08, to its Friday closing value $8.70 per lb. Analysts predicts the metal is in for a slow recovery this year, and is anticipated to average $11.00 per lb.
Continue reading "Joint ventures necessary for survival"
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"
Tuesday, February 24, 2009
When economic growth resumes, there will be a critical shortage of strategic metals. The rapid collapse in metal’s prices has forced many miners to mothball operations; when demand for these metals resumes, there will be a lag time for production online. This means that as quickly as prices collapsed, we can expect an upswing with more impetus.
Continue reading "Stimulus spending could bridge the gap in molybdenum prices"
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 9, 2009
Molybdenum prices took a considerable tumble in the fourth quarter of ’08, falling from USD 30 per pound in September 2008 to USD 9.50 at the end December 2008. Despite unprecedented demand for the metal, molybdenum prices crashed as crisis permeated the financial markets.
Continue reading "Outlook for moly in 2009 uncertain"
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, June 15, 2010