Molymet to Invest $400 Million on Expanded Output

Reuters reported that Molymet has a 5-year investment plan aimed at increasing molybdenum production.

As quoted in the market news:

Molymet, which supplies more than 30 percent of global molybdenum products, posted a $103.25 million net profit in 2011, a 12.6 percent increase compared with a year earlier.

Click here to read the full Reuters report.