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General Moly Reports Increasing Molybdenum Price Leads Surge in Metals; Aligned with Multiple Bullish Market Factors
Mar. 02, 2018 09:52AM PST
Industrial MetalsGeneral 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.”