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Moly Investing News reports molybdenum prices may have an upswing effect with the stimulus spending package. The market price of molybdenum oxide in the 2008 fell steeply from US $34 per pound to US$ 8.75 per pound at the end December. Speaking at the BMO Global Metals and Mining Conference on Monday, Freeport McMoRan Copper & Gold …
Moly Investing News reports molybdenum prices may have an upswing effect with the stimulus spending package.
The market price of molybdenum oxide in the 2008 fell steeply from US $34 per pound to US$ 8.75 per pound at the end December. Speaking at the BMO Global Metals and Mining Conference on Monday, Freeport McMoRan Copper & Gold Inc CEO Richard Adkerson claimed the reason for this sharp price fall of molybdenum oxide was a sudden and considerable shrink of the world demand for molybdenum.
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