I introduced General Moly to my subscribers in May of 2009. At that time, the permitting process was not paramount, financing was the critical consideration as we were still emerging from the depths of the mining sector crash during the 2008 credit crisis. At the same time, China (FXI) was embarking on a search for potential mining acquisitions in the West. It was inevitable that a plum such as General Moly (GMO) would catch Beijing’s eyes.

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Wednesday, June 27, 2007

Falling Molybdenum Production; Chinese Exports Limits: Record Price? / Commodities / Molybdenum

By: James_Finch

Our sources in Asia confirmed an industry trade report pre-announcing China would slash export quotas on molybdenum products by approximately 50 percent. The quotas are expected take effect next week.

Many were bracing for a 30-percent reduction in molybdenum exports.

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Friday, June 15, 2007

Molybdenum Expert Predicts Shortages Ahead / Commodities / Molybdenum

By: James_Finch

If one believes the forecasts recently made by Terry Adams of UK-based Adams Metals and Albemarle Corporation's (NYSE: ALB) Chris Knight, then the escalating demand for molybdenum products could impact the stainless steel business of POSCO (NYSE: PKX). The Korean-based steelmaker, with about 6.5 percent of sales coming from stainless steel, is the world's fourth or fifth largest, depending upon production or market capitalization.

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Tuesday, June 05, 2007

Strong Molybdenum Demand Panicking Traders / Commodities / Molybdenum

By: James_Finch

Record nickel prices are driving stainless steel manufacturers to substitute other metals, such as chromium and manganese in their composition. One metal increasingly being used in a growing number of applications, for which there is less possibility of replacement is molybdenum. Growing demand accompanied by less and less supply is driving the molybdenum price higher. Some believe it could jump another 50 percent in the near future.

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