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Molybdenum puts on the brakes

Monday, November 17, 2008

2 Comments

After moly held its position over months of poor market sentiment, the metal has been hit hard. Just over a few weeks, the market price of molybdenum oxide has fallen by a whopping 30%.

Economic malaise causes moly prices to collapse

Tuesday, November 11, 2008

1 Comment

After holding its ground much longer than other base metals, molybdenum’s price point has given way to the global economic current. The metal was stable in the $32 to $35 a pound range for much of this year; holding its value compared to the price plummet of the other base metals.

Japan tests the molybdenum market

Tuesday, November 4, 2008

2 Comments

Japan wants to test the moly market, and will do so by issuing a temporary cut in the November nickel stainless molybdenum (SUS316) steel output. Output will be cut approximately 10%, and for the time being, the curb in production will only last a month to see how the market reacts.

Molybdenum- The Next Wave to Ride?

Wednesday, July 30, 2008

0 Comments

Many investors are giving molybdenum the title “The New Uranium”, which is a hint at the profit potential that a savvy investor can make on the moly market. If you look at moly’s past- it is known to hit high highs and low lows, at the drop of a hat. In fact, the past 15 years have seen moly prices oscillate from $1.82 per lb to $40.00 per lb.

Greenland’s Molybdenum mining project on hold

Thu, Nov 20, 2008

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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

Climax Molybdenum donates $63,000 toward Copper’s fire station

Thu, Nov 20, 2008

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The Copper Metro District received a big boost towards its new fire station due to $63,000 donation by Climax Molybdenum for the project. For full story, click here For Climax’s website, click here

Moly plunge hurts investors

Wed, Nov 19, 2008

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The sudden and violent drop in molybdenum prices from $26 to $12 has left investors in shock. George Topping, an analyst at Blackmont Capital said: Looking at market reports, we’re hearing of trades in single digits. It’s an amazing decline. For full story, click here

Roca provides production review for MAX Molybdenum Mine

Wed, Nov 19, 2008

0 Comments

Roca Mines Inc. provided production review for its MAX Molybdenum Mine and an outlook for ongoing operations. The MAX Molybdenum Mine has recently produced 245,754 lbs of molybdenum during September 2008 and 187,979 lbs of molybdenum during October 2008. For full story, click here For Roca’s website, click here

Molybdenum prices decline to lower level than USD 20 per pound

Tue, Nov 18, 2008

0 Comments

Molybdenum prices have fallen suddenly to a large extent on the end of last week due to suspension of molybdenum purchases for long period and financial situation at consumers. For full story, click here

Asides
  • 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.

  • The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • For upcoming molybdenum investing trade shows, see the following links: Cambridgehouse, IIC

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