Fox Business reported that market concerns won't affect the timing of Freeport McMoRan Copper & Gold Inc.'s (NYSE:FCX) Climax moly mine restart.
Reuters reported that a strike at Freeport McMoRan's (NYSE:FCX) Cerro Verde mine have not affected output of copper or molybdenum.
Zacks Investment Research reported that output is expected to increase at Freeport McMoRan's (NYSE:FCX) Cerro Verde copper-moly project.
Mining Weekly reported that Freeport McMoRan (NYSE:FCX) will begin molybdenum production at the Climax mine in 2012.
Trefis reported on Freeport McMoran's (NYSE:FCX) production of molybdenum.
Ken MacDonald Vice President of Business Strategy and CFO Erdene Resource Development discussed the factors controlling the current molybdenum market.
Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) announced it plans to spend $2.5 billion this year on mine expansions and restart projects.
Reuters reported that Freeport-McMoRan (NYSE:FCX) enjoyed higher than expected profits and increased sales projections for silver, gold and molybdenum.
The Continental Divide region is arguably the world’s most important moly producing deposits. At full production, these deposits could have a serious impact on world molybdenum supply.
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.
Wednesday, October 19, 2011