There is a `little storm brewing' in moly. In the third week of January, traders came in and bought up a lot of material, which caused some supply tightness. Now traders are in a position to push prices higher, state analysts.
The past week was arguably the most volatile in market history, however, molybdenum managed to continue its recent trend of holding steadfast despite the market’s hiccups. This was a week that saw stocks and commodities across the board plummet.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Sunday, January 24, 2010