Freeport-McMoRan Results Beat Street
Reuters reported that Freeport-McMoRan (NYSE:FCX) enjoyed higher than expected profits and increased sales projections for silver, gold and molybdenum.
Articles Tagged "NYSE:FCX"
Molybdenum Mining on the Continental Divide
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.
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.
World Class Molybdenum Deposits
Molybdenum is obtained from two different types of mines: primary mines and by-product mines. By-product mines are most commonly referred to as Copper-Molybdenum ore bodies, while ‘primary’ mines focus solely on molybdenum production.
China Stockpiling Moly for Nuclear Plant Construction?
China’s stockpiling of molybdenum, now 30 percent of the world’s total inventory, may be attributable to their nuclear energy build up. Massive amounts of moly are needed for the highly specialized tubing needed for the reactors. These factors, as well as the rapid urbanization of China and India, and the modernization of the two powers, will be the driving influences for moly in the future.
Freeport McMoRan announced first-quarter results
Freeport-McMoRan that produces copper, molybdenum and gold reported its first-quarter results Wednesday before the market opens. For full story, click here
