Welcome to the Torch River Resource Hub on AGORACOM

Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.

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Message: INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year

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Nifty50

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Re: INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year

in response to INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year by AGORACOM

posted on Sep 16, 08 05:56AM

They are right, it looks like molybdenum is really well supported at these levels. Although the concentrate price has risen about 500 percent it is supported by strong fundamentals. Someone on this board was talking about volatility due to a new trading product. Well yes the hedge funds may come in but I'm sure this current market turmoil is a wake up call for all.

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