Joint ventures necessary for survival

Moly Investing News reports  molybdenum prices have been making a slow recovery in this global recession.

Molybdenum has crashed from $33 per lb in mid ‘08, to its Friday closing value $8.70 per lb. Analysts predicts the metal is in for a slow recovery this year, and is anticipated to average $11.00 per lb.  The price scene, however, may become a little more complex this year when LME adds moly to its minor metal offerings.

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