General Moly Announces Strong Support for Mt. Hope Project
Financial Post reported that a poll of residents near General Moly's (TSE:GMO,AMEX:GMO) Mt Hope project show there is strong local support for the mine.
Articles Tagged "molybdenum mining"
Leeward Capital: Significant High Grade Results From 2011 Drilling Program
Leeward Capital Corp. (CVE:LWC) announced an update to its 2011 drilling program.
General Moly Announces Liberty Project Drill Hole Results Ahead of Revised Resource Estimate
Financial Post reported that General Moly (NYSE:GMO,TSE:GMO) reported additional drill results from the Liberty project.
Geodex Announces 2011 Plans
Geodex Minerals Ltd. (CVE:GXM) described its strategy and plans for 2011 in a recent press release. The press release states: The joint venture agreement with Northcliff Resources Ltd. of the Hunter Dickinson Inc. group in October 2010 was a watershed event for Geodex. Northcliff is actively progressing with the feasibility and environmental studies on the [...]
Molybdenum May Revolutionize Nanotechnology
Scientists have been playing around with moly’s unique attributes to make a whole host of new products that in the future may add a new dimension to demand.
Steel Market Growth and Molybdenum Prices
Growth for steel demand in China is expected to dip below 10 percent for the first time in recent years. Growth in the steel market, and consequently growth for moly is expected to improve, however, at a slower pace than in recent years. These factors may influence moly price in 2011.
Trends in Molybdenum Market in 2010
Many molybdenum firms benefited from higher prices for moly in 2010 as well as massive investments from moly hungry China. Backed by growing steel demand from the urbanization of China, moly prices rose from the abysmal $8 lows in 2008 up to $18 per pound in April 2010, prices have since settled to around $16 per pound.
China Set to Control Moly Production
A report stating that China may control molybdenum production by classifying the material as a ‘national mining resource’ has been raising eyebrows. How will this affect the molybdenum market? Will the moly market react as the rare earth market reacted to reduction in export quotas? Or will the fundamental differences between the two markets stop a feeding frenzy?
Growth in the Molybdenum Market
Analysts are bullish for the future of the molybdenum market stemming from growth projection in China. Steel demand, and consequently, demand for moly is expected to grow by 9 percent through 2012.
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.
