Stimulus spending could bridge the gap in molybdenum prices

- February 24th, 2009

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 … Continued

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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