Moly will hold its position through 2008

Moly Investing News reports the demand for molybdenum is holding through for 2008.

In March, the CIMAT had launched an initiative titled the ‘Molybdenum Offensive‘, a call to scientists to come up with proposals for new uses of the metal in the shortest possible time.

About 300 researchers in 32 countries had responded with 96 preliminary proposals. About 20 per cent of these will be short-listed in the coming weeks. The names of the winners of the annual grants of US$100,000 to develop ideas will be announced in December.  Each winner will have up to two years to develop this/her idea.

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