How to Profit From Rising US Molybdenum Production
Depressed prices have stalked the molybdenum market recently, but savvy moly investors could be poised to benefit as demand picks up.
Depressed prices have stalked the molybdenum market recently, but savvy moly investors could be poised to benefit as demand picks up.
Denver Post reported that Freeport McMoRan's (NYSE:FCX) Climax moly mine has reopened and is producing molybdenum concentrate.
CBS News reported that profits for Freeport McMoRan (NYSE:FCX) fell due to labor disputes and lower production.
Mineweb reported that ABB will supply gearless mill drives to Freeport-McMoRan Copper and Gold's (NYSE:FCX) copper-molybdenum mine in Peru.
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.
Get our independent commentary on moly trends and companies delivered to your inbox.