Reuters reported that Molymet has a 5-year investment plan aimed at increasing molybdenum production.
Articles Tagged "molymet"
Mining Weekly reported that Molymet will pay $390 million for a stake in Molycorp (NYSE:MCP).
Avanti Mining Inc. (CVE:AVT) has entered into a Molybdenum Concentrate Tolling Agreement with Molymet of Chile for the life of mine molybdenum concentrate production at the Company’s Kitsault Project. “This agreement is an important milestone for Avanti as it assures the steel producers that we can deliver quality products to them throughout the term of [...]
Prices are set to follow an upward trend in 2010. Prices for oxide are forecast to average US$ 17/lbMo, rising to above US$ 20/lbMo in 2011, as strong demand willl ensure producers follow suit and hike prices.
Molymet, a major producer of molybdenum in Chile, has planned to construct a plant for molybdenum processing at Hohhot City, the capital of Inner Mongolia Aut Region in China. For full story, click here
Molybdenum has gone from an obscure metal, to a high performer garnering the attention of the LME, and then back to an undervalued alloying metal. Once an overlooked player in the investment arena, interest in moly picked up when worldwide spending on infrastructure took off, sending the metal’s price to new heights.