RE:RE:RE:RE:RE:RE:Moly Pinegrove
You point out,
Moly is was 17% of total revenue.
Significant enough I will follow Molybdenum prices along with Copper and Gold !
Higher Molybdenum prices will reduce the cost of mining the Copper & Gold. London Metal Exchange (LME) Molybdenum prices
Link>> https://ycharts.com/indicators/molybdenum_spot_price
The London Metal Exchange (LME) is the world center for industrial metals trading. The LME offers contracts with daily expiry dates of up to three months. Market participants may also partake in weekly contracts of up to six months, and monthly contracts. It also allows for cash trading, offers worldwide reference pricing, hedging, and the option of physical delivery for settling contracts. Molybdenum futures are available for trading on the LME.
Movements or fluctuations in these stock prices bring shortages or gluts to the Molybdenum market. Drops in stocks often accompany an increase in price.
M2