molybdenum on the move

here is some intresting new regarding this top metals.

Molybdenum Price Rise Justifies Approval of Molybdenum Mining Projects, an Industrial Info News Alert



Industrial Info Resources
SUGAR LAND, TX--(Marketwire - March 21, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The price of molybdenum is currently about $34 per pound, up from $2 per pound in 2002, and is nearing historic high prices set in 2005. During this period, molybdenum miners have optimized production and are looking for ways to expand capacity. Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) (Golden, Colorado) and Thompson Creek Metals Company Incorporated (NYSE:TC) (Denver, Colorado) are some of the companies that have received approvals for molybdenum mine projects.