Thor Mining PLC. declared investigation of alternatives to reduce capital and operating costs for the Molyhil tungsten-molybdenum development project in Australia’s Northern Territory continues and is expected to be finalised at the end of August 2009. For full story, click here
Continue reading "Thor Mining has expected report on Reducing Molyhill Costs"
Monday, April 6, 2009
Despite the recent optimism across the metals sector, molybdenum prices are continuing on a downward trend. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid.
Continue reading "Molybdenum continues downward trend"
Monday, February 9, 2009
Molybdenum prices took a considerable tumble in the fourth quarter of ’08, falling from USD 30 per pound in September 2008 to USD 9.50 at the end December 2008. Despite unprecedented demand for the metal, molybdenum prices crashed as crisis permeated the financial markets.
Continue reading "Outlook for moly in 2009 uncertain"
Monday, February 2, 2009
In 2008, molybdenum cost an average of $29/lb after peaking at $30 in 2007. On a monthly basis, however, molybdenum has sold for less than $10/lb for two months now. Investment bank Dahlman Rose & Co. in New York expects molybdenum to average $12/lb this year.
Continue reading "Moly Miners Announce Earnings Drop"
Monday, January 26, 2009
As the shock waves spread around the global economy; many analysts are starting to hedge their bets on when a recovery will start. In their Global Metal’s Report released this week, Morgan Stanley gave their take on the near future for the molybdenum market.
Continue reading "Government stimulus could boomerang moly"
Monday, January 26, 2009
Molybdenum prices have crashed from a high of $35 per pound at the end of October down to the recent level oft US $12 per pound. This represents the worst decline when it comes to commodity prices; a 53 percent drop to be exact.
Continue reading "Molybdenum’s decline leaves few strong contenders"
Monday, December 15, 2008
Slower Chinese buying impacted Ferro-molybdenum prices between last Wednesday and Friday; however, the US’s proposed $136 Billion infrastructure spending plan capped the downside. Western-grade Ferro-molybdenum fell to $24.50-26.50 per kg from $26-28 per kg previously, with the bulk of material sold towards the low end of the range.
Continue reading "New pipelines will spell success for moly"
Thursday, November 20, 2008
Quadra Mining has postponed plans to begin construction of molybdenum mine in East Greenland due to recent decline in metal prices. For full story, click here
Continue reading "Greenland’s Molybdenum mining project on hold"
Friday, September 5, 2008
Creston Moly Corp. (CMS) is a Tier 1 TSX-V listed company actively developing its 100% owned Creston Molybdenum Deposit in Mexico's mining friendly state of Sonora.
Continue reading "Creston Moly Corp: Developing Mexico’s Largest Molybdenum Deposit"
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Sunday, August 2, 2009