SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : The Molybdenum Discussion Board
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russet who wrote (3224)11/8/2008 2:13:16 PM
From: hank2010  Read Replies (1) of 3267
 
There were a lot of "experts" predicting moly prices would hold. I certainly was hoping they would.

Copper went from peak of 4.07 on July 3 to 1.76 to-day (also from 3.25 on sep 22 to 1.67 on Oct. 27). Moly drop was later, but even steeper, and maybe not over yet. Price of moly is still higher than most pure moly producers' marginal price of production (GPXM an exception) but low price of copper may see by-product moly production dropping.

One thing about this recession and commodities bust - puts some projects on hold, meaning next leg up in prices will be higher, steeper and more intense.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News