Molybdenum Market Update (May 17, 2012)
A brief overview of molybdenum price developments, supply and demand, and significant market movers.
A brief overview of molybdenum price developments, supply and demand, and significant market movers.
Winnipeg Free Press reported that Thompson Creek Metals (NYSE:TC) profited in fourth quarter even though revenues were lower.
Mining Weekly reported that Molymet will pay $390 million for a stake in Molycorp (NYSE:MCP).
Interactive Investor reported that Thor Mining (ASX:THR) is in financing and supply talks with parties interested in the Molyhil project.
NMC Resource Corp. (TSXV:NRC) announced that Paul Matysek has been appointed to the company's Board of Directors.
Investors looking to capitalize on the build-up of nuclear power don’t have to rely on uranium projects alone, as massive amounts of molybdenum will be needed for nuclear power reactors to strengthen the steel alloys used in their construction.
Imperial Metals Corporation (TSX:III) reported the company's financial results for Q3 2011.
Winnipeg Free Press reported that profits for Thompson Creek (TSE:TCM) were down despite higher revenues for the company in Q2 2011.
Andina reported that Duran Ventures Inc. (CVE:DRV) announced drilling results from its Peru-based Aguila project.
Geodex Minerals Ltd. (CVE:GXM,FRA:G2W) announced it acquisition of the Dungarvon project.
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