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    market news

    General Moly Reports Increasing Molybdenum Price Leads Surge in Metals; Aligned with Multiple Bullish Market Factors

    Melissa Shaw
    Mar. 02, 2018 09:52AM PST
    Industrial Metals

     General Moly (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, reports that the global molybdenum spot price has increased 25 percent year to date to $12.83 per pound. Bruce D. Hansen, CEO of General Moly, said: “Moly can be called a late stage industrial metal. We believe …

     General Moly (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, reports that the global molybdenum spot price has increased 25 percent year to date to $12.83 per pound.

    Bruce D. Hansen, CEO of General Moly, said:
    “Moly can be called a late stage industrial metal. We believe the moly price recovery, which began slowly in 2016, has accelerated in the past few months and still has future appreciation potential.”
    Click here to read the full text release.
    general molymarket newstsx:gmo
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