British Columbia, Canada’s only producer of Molybdenum, mineral exploration community has expressed support for continued exploration and assessment of the mineral potential of the Flathead Valley. For full story, click here
Molybdenum has crashed from $33 per lb in mid ’08, to its Friday closing value $8.70 per lb. Analysts predicts the metal is in for a slow recovery this year, and is anticipated to average $11.00 per lb.
Commodities have been having a rough ride lately, but Molybdenum’s performance, although not stellar, has not been as bad as many of the other metals. People have been whispering that moly’s current supply/demand picture makes it one of the best metals to invest in.
Newmont will examine the potential of recovering molybdenum from the Boddington project. For full news, click here
Monday, April 27, 2009