LAST 2 weeks on the news talk of $5.00 fuel price in 2011 maybe higher, if that happens watch anything to do with battery tech. All we need is RR results to be decent. $5.00 FUEL in USA will wake up everybody JMHO
One potentially major development that may boost moly prices is the classification of moly as a “national mining resource,” where China could control production along the same lines that they do for rare earth production. This development was covered on Rare Earth Investing News last month. The classification may limit the amount of mining allowed and may also come with the creation of a strategic reserve of moly along with 10 other metals. While there is no official statement yet on this policy, it is something to watch for in 2011. The reduction of mining and the creation of a strategic stockpile may mean that China will once again become a net importer of moly in 2011 and beyond. This helped double the price of moly in 2009-10, and may do the same in the future.
While not all molybdenum mining firms can be represented, this is a synopsis of share prices for some major molybdenum firms in 2010. These numbers reflect changes from Jan. 4, 2010-Dec. 14, 2010.
Thompson Creek Metals Company Inc (NYSE:TC)(TSE:TCM)
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