Higher Molybdenum Prices Support Mine Life-Extension Project in Colorado
SUGAR LAND--April 23, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Firming prices for molybdenum have brightened the outlook for Climax Molybdenum, a subsidiary of Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona). Still, current spot prices of about $12.25 per pound are a far cry from the $30 per pound that the metal fetched in 2008, before the start of the Great Recession.
Within this article: Details on how molybdenum prices are affecting the mining industry, with voices from the Colorado Mining Association's 120th National Western Mining conference.
