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Win-Eldrich’s Q1 Moly Production Nears 2008 High
Apr. 12, 2011 07:26PM PST
Industrial Metals Investing
Reuters Africa reported that molybdenum production from Win-Eldrich’s (CVE:WEX) Ashdown mine is back to 2008 levels.
Reuters Africa reported that molybdenum production from Win-Eldrich’s (TSXV:WEX) Ashdown mine is back to 2008 levels.
The market news is quoted as saying:
Win-Eldrich put the Ashdown mine, its principal asset, on standby mode after molybdenum prices crashed to less than $10 per pound from over $30 per pound in 2008.