With the LME about to allow Molybdenum metal trading to start on 22nd Feb it looks like the interest is building a lot sooner than anticipated. In 2 days Molybdenem up over 6% from $15.50 a lb to $16.50 in Europe and also in 3 months it has bounced back from about $10 to $16.50.(Up about 50%)
Now who was it that was just about to receive USD$150 million to kick along their project at Spinefex /Port Headland?
MOL Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held