Molybdenum, which is used to strengthen steel, sold on the spot market at a monthly average of almost $33/lb during the first half of last year, and actually was as high as $33.50/lb in daily trading. But, the spot price slipped to $25 in the second half and continued falling earlier this year - bottoming around $8/lb in April. Analysts predict the price at $12/lb in a couple of months.
Continue reading "China Chasing Chile For Moly"
Friday, March 27, 2009
Vancouver-based Amerigo Resources, which produces copper and molybdenum from mine tailings at a facility in Chile reported that the company is in the process of commissioning its own heavy-fuel-oil power generators and hopes to start-up in the next few days. For full story, click here
Continue reading "Amerigo will generate its own power to cut Chile costs"
The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Monday, October 5, 2009