Hope for MLY price?"Chile crisis powers copper's rise
THE copper price is predicted to continuerising after breaking through the $US4/lb mark for the first time asthe Chile power crisis deepens.
Chile's domesticusers are bracing for possible cuts to their supply because a droughthas caused dams feeding hydro-electric generators to run critically lowand Argentina continues to deny the country gas supplies.
Chile produces about 40 per cent of the world's copper and the powercrisis is threatening production of the base metal at a time ofinsatiable demand, from China in particular...."
https://www.theaustralian.news.com.au/story/0,25197,23519658-643,00.html
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Ten companies account for about two thirds of world molybdenum mineproduction. Codelco from its four copper mining divisions in Chile, andPhelps Dodge from one molybdenum-only and three copper mines in theUSA, are by far the biggest producers, together accounting for about athird of world mine production. Rio Tinto more than doubled molybdenumoutput from the Bingham Canyon mine in 2005 to become the third largestproducer with almost 9% of world production"
https://www.roskill.com/reports/molybdenum