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Molybdenum Poised for Massive Comeback – Thompson Creek a Way to Take Advantage
Mar. 26, 2010 12:17PM PST
Industrial MetalsMolybdenum Poised for Massive Comeback – Thompson Creek a Way to Take Advantage
Seekingalpha.com reported on Molybdenum Poised for Massive Comeback – Thompson Creek a Way to Take Advantage:
Molybdenum and cobalt have underperformed. The other metals took off while cobalt and moly hibernated. Moly a year ago was trading at 8.5x the price of copper, now it’s only 3.5x the price. Moly to nickel was at 2.6x, now at 1.4x. At molybdenum’s peak in 2005, it was trading at a price 28 times that of copper
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