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.
Molybdenum price fluctuations have been common place for a while now. Since the collapse in 2008 that saw prices fall from $36 per pound down to $8 per pound, many analysts and investors have been looking for stability.
As the use of molybdenum becomes diversified because of its use in solar panels, the price correlation between Silver and Moly is closing. The diversification of the uses for moly is beneficial as the price is not dependent solely on steel consumption.
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