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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy	11/8/2006 8:00:19 PM
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Roasting Bottlenecks Could Support Firm Molybdenum Price Past 2010 The molybdenum price could stay firm, through the end of this decade, because of tight roasting capacity and continued strong demand. In a fourth quarter global equity research report, recently issued by UBS Investment Research (London), analyst Daniel Brebner wrote, “We don’t believe that the Molybdenum market is well analysed, thus there is no reliable market consensus forecast.” Brebner cited “constraints on molybdenum roasting capacity,” as the main driver in providing price support for this silvery metal at current levels. Echoing other analysts and insiders we interviewed, Brebner wrote, “The supply of molybdenum concentrates (molybdenum sulfide) is reasonably plentiful; however the capacity to roast molybdenum concentrates as final process is limited as expansions have significantly lagged mined output.” The analyst sees prices “well supported near current spot levels over the next couple of years.” MORE stockinterview.com

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