Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
Peru, the world’s second largest copper producer, is benefiting from billions of dollars of investments from the worlds largest mining companies. The investments may boost copper and molybdenum production that could rival Chile, the world leader in copper production. Also, a new use for moly as a semiconductor may increase demand for the metal in the future.
Molybdenum miners may dramatically slash output in an effort to coax a rebound in the price of the alloying metal, priming the industry for a rapid price ascent when stainless steel demand rebounds.
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