Platts reported that China's producer of moly concentrate, China Molybdenum, said that they expect the Chinese steel sector to give a boost to prices through 2013.
Articles Tagged "moly markets"
Platts reported that Asian spot trade of molybdenum oxide powder was flat on Wednesday.
Platts reported that an uptick in interest from European traders supported spot demand for moly oxide powder on Tuesday.
Bloomberg reported that General Moly has suspended work supported on a $665 million loan on news that the creditor responsible for the loan has been detained in China, sending stock price tumbling yesterday. As quoted in the market report:
Reuters reported that isotope maker Nordion's future is uncertain, as they examine alternatives.
Platts reported that spot molybdenum oxide powder offers from Chinese traders have risen to $12.20-12.50/lb.
Platts reported that thin trading in the Asian markets over the holidays, sentiment in the spot molybdenum oxide market was positive.
General Moly Inc. (TSX:GMO, NYSE:GMO) announced that the Bureau of Land Management has accepted its reclamation bonding for the Mt. Hope Project and that surface disturbing activities will commence.
Platts reported that molybdenum oxide prices jumped up over the course of the week, despite a drop on Friday.
Cadillac Ventures Inc. (TSXVE:CDC) announced that they have resumed exploration on the Burnt Hill Property in New Brunswick.