The Ups and Downs of Moly Mining
The Mining industry is complex and dangerous. Not only because of geological hazards, but also from the pitfalls associated with running a multi-national business. Like any economic sector, it has its up and downs.
Articles Tagged "moly mines"
World Class Molybdenum Deposits
Molybdenum is obtained from two different types of mines: primary mines and by-product mines. By-product mines are most commonly referred to as Copper-Molybdenum ore bodies, while ‘primary’ mines focus solely on molybdenum production.
Molybdenum Surplus Creation and Price Inflation
China’s voracious appetite for molybdenum since the beginning of 2009 has inflated the price of molybdenum. Current price levels do not reflect the actual consumption of the metal, as the Chinese firms are creating vast surpluses to support and lower the cost of steel production.
New Markets for Molybdenum
New uses for molybdenum in renewable energy sources may bring a new lucrative market for the metal. Used as a substitute for cost prohibitive platinum, moly is being used in the generation of Hydrogen gas. Also, the Sichaun Hanlong-Moly Mines deal grows as Hanlong commits up to $5 billion for infrastructure projects in Australia.
China Stockpiling Moly for Nuclear Plant Construction?
China’s stockpiling of molybdenum, now 30 percent of the world’s total inventory, may be attributable to their nuclear energy build up. Massive amounts of moly are needed for the highly specialized tubing needed for the reactors. These factors, as well as the rapid urbanization of China and India, and the modernization of the two powers, will be the driving influences for moly in the future.
Moly Producers Benefit from China, Again.
Moly Mines Ltd. secures financing from Chinese Firm, Hanlong Mining, continuing the frenzied rush to finance Molybdenum operations. Also, new developments from earthquake-rattled Chile as International PBX Ventures starts drilling.
Moly Mines & Hanlong Mining Investment agreement update
Moly Mines Limited (TSX:MOL)(ASX:MOL) and Hanlong Mining Investment Pty Ltd have agreed a "variation letter" to the Subscription Agreement dated 19 October 2009.
Moly Producers Ring In Good Times
A draft proposal by the Chinese government that lays down the thresholds for access to the molybdenum industry is set to cheer moly producers.
Big Time Rebound Set For Moly
There is a `little storm brewing' in moly. In the third week of January, traders came in and bought up a lot of material, which caused some supply tightness. Now traders are in a position to push prices higher, state analysts.
Moly Poised For Massive Comeback
Moly has been priced too low as compared to other minerals already traded in the futures market. The added sauce to the coming moly price surge will be a sure-fire winner for speculators. You in?
