Fermion
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Molybdenum Oxide, used in high strength steels has fallen this week by 30% to a multi-decade low of $4.20 per pound.
I feel this means world growth figures are not quite as good as we have been told, if demand is that low.
Anyway it will be interesting to see how earnings go over the next few quarters.
I wouldn't want to be a molybdenum miner...cost to produce is over $9 per pound for most of them.
I feel this means world growth figures are not quite as good as we have been told, if demand is that low.
Anyway it will be interesting to see how earnings go over the next few quarters.
I wouldn't want to be a molybdenum miner...cost to produce is over $9 per pound for most of them.