Bill Deeks

Molybdenum Is Mighty Tough

Moly has had a quantum jump in price since 2005 and is in a new trading range US$20-40 supported by the lower value US$, the importance to corrosion free stainleess steel, the significant expansion in demand for high pressure pipeline steels to eliminate porosity and the reality that for 20 years from 1980 production was closed rather than expanded. There is a great opportunity today foer new primary and byproduct moly production as will occur from Pacific Booker's Morrison project.