Moly Is Looking Good?

- October 26th, 2009

Molybdenum demand from steelmakers is set to decrease in the fourth quarter, due to imminent production cut backs by domestic steelmakers following sliding steel product prices over the past few months. In such a scenario, wither moly? Moly would be a metal to watch in the coming years. With gold near an all-time high, it … Continued

Molybdenum demand from steelmakers is set to decrease in the fourth quarter, due to imminent production cut backs by domestic steelmakers following sliding steel product prices over the past few months. In such a scenario, wither moly?

Moly would be a metal to watch in the coming years. With gold near an all-time high, it would be tough to view the resource as cheap or undervalued.

Attention seems to have turned to molybdenum, a major component in steel which is critical to building infrastructure and also used heavily in the construction of nuclear power plants.

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