China Stockpiling Moly for Nuclear Plant Construction?
China’s stockpiling of molybdenum, now 30 percent of the world’s total inventory, may be attributable to their nuclear energy build up. Massive amounts of moly are needed for the highly specialized tubing needed for the reactors. These factors, as well as the rapid urbanization of China and India, and the modernization of the two powers, will be the driving influences for moly in the future.
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Tuesday, April 27, 2010