Hedge funds to benefit from LME moly contracts in 2009

Moly Investing News reports molybdenum experienced a slight dip despite the global markets instability and governments and central banks having to resolve the financial crisis.

On the back of what has been record prices for moly in 2008, Jinduicheng Molybdenum Company, Asia’s largest producer of the metal, announced that its nine month net revenue is up by 11 per cent in 2008, compared to the same time period in 2007.

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