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Message: Channel Trading

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vino

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Re: Channel Trading

in response to Channel Trading by luv4

posted on Aug 19, 08 07:54AM

Molybdenum producer Thompson Creek Metals has not seen any weakening of demand for the metal and expects the market to remain strong going forward, chairperson and CEO Kevin Loughrey said on Friday...

Global molybdenum demand rose to around 440-million pounds last year. The metal is used to strengthen high-end stainless steel, in steel pipes and drills, and other extreme high- or low-temperature applications, as well as to prevent corrosion...

That seems like alot of good news for the future stability of moly prices. Obviously solid moly producers can makes lots of money in this type of environment. Its up to Molycorp to deliver the goods and start the moly ore shipments ASAP.

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