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.
With molybdenum prices not set to exceed $20/lb until 2020, market movement has remained minimal over the last month.
Entrée Gold Inc. (TSE:ETG) files its interim operational and financial results for the quarter ended June 30, 2011.
Duran Ventures Inc. (CVE:DRV) provides updates from the ongoing resource drilling program at its Aguila Porphyry Copper Molybdenum Project in Peru. The press release is quoted as saying: Duran Ventures is a Canadian exploration company focused on the exploration and development of porphyry copper, precious metal, and polymetallic deposits in Peru. Click here to access [...]
The price of molybdenum on the LME is down to its lowest level since July of 2010. Weak demand for stainless steel and the summer slowdown in the production of steel are factors. This could represent a bottom for the price as supporting factors come into play in the coming months.
Molybdenum is increasingly being favored by scientists looking to create cheap and efficient hydrogen power.
Zamia Metals Limited (ASX:ZGM) announces that diamond and reverse circulation drilling has been continuing at its Anthony molybdenum discovery north of Clermont in central Queensland.
Amerigo Resources Ltd. (TSE:ARG) announces production results for the fourth quarter of 2010 from Minera Valle Central, the Company's operations located near Rancagua, Chile.
Creston Moly Corp. (CVE:CMS) announces assay results from six exploration and four geotechnical holes at its El Creston molybdenum property in the state of Sonora, Mexico.
Ivanhoe Australia Limited (TSE:IVA) reports quarterly and cashflow report for the three months ending, 31 December 2010.
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