Articles Tagged "power"

China Chasing Chile For Moly

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.

Amerigo will generate its own power to cut Chile costs

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