Molybdenum Makes Gains Despite Market Downturn
The volatility of world markets over the last week has some commodites on a downward trend. Molybdenum, however, is bucking the trend with some impressive gains over the last week.
Articles Tagged "thompson creek"
Molybdenum Options: Fundamentally It’s Thompson Creek; Technically It’s General Moly
Seeking Alpha reported on investing opportunities in the molybdenum sector.
Molybdenum’s Long Term Potential
Ken MacDonald Vice President of Business Strategy and CFO Erdene Resource Development discussed the factors controlling the current molybdenum market.
China Set to Control Moly Production
A report stating that China may control molybdenum production by classifying the material as a ‘national mining resource’ has been raising eyebrows. How will this affect the molybdenum market? Will the moly market react as the rare earth market reacted to reduction in export quotas? Or will the fundamental differences between the two markets stop a feeding frenzy?
Thompson Creek Advances
Bloomberg.com reports that Thompson Creek Metals rose the most in 17 months after report China to curb molybdenum production.
Molybdenum Mining in Canada
Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
Green Technologies Tie Silver and Moly Price Together
As the use of molybdenum becomes diversified because of its use in solar panels, the price correlation between Silver and Moly is closing. The diversification of the uses for moly is beneficial as the price is not dependent solely on steel consumption.
Speculation or Reality? Steel Demand and Molybdenum Prices
Recently molybdenum mining companies stock prices have fallen on fears that Chinese steel demand may be waning, a sign of a slowing recovery.However, most analysis of world markets has steel demand rising through 2012. How will this speculation effect the stock price of profitable molybdenum companies?
Moly Companies’ First Quarter Results Mixed
Thompson Creek Metals and General Moly released first quarter results. While the price of molybdenum has been steadily increasing the two companies have posted a loss for the quarter. However, long term outlook for the two remain strong based on increased production and rising prices. They may be a bargain for investors looking to capitalize on long term molybdenum forecasts.
New Developments for Moly Companies
After the Chinese agreed to fund two Molybdenum companies last week, Thompson Creek Minerals and Antofagasta PLC are looking for financing for new projects to capitalize on surging molybdenum prices.
