Svm and MolybdenumWhen this came in an email I remember our discussions from several years ago. Is 'moly' ever mentioned today by anyone associated with SVM? If I remember right we own a lot but could not get a permit to mine it.....perhaps China is hoarding is as suggested in this article.
This is an ad for the Hard Money Millionaire newsletter from Luke Burgess … and to let you know how overwhelmingly lusty he’s feeling about this one, I’ll just jump down to the P.S.:
Molybdenum (muh-lib-duh-num), or moly for short, is a key ingredient in the high-strength alloys that allow our energy, manufacturing, and transportation industries, (just to name a few), to function.
“In fact any metal designed to resist heat, contain extreme pressure, hold up under tension, or maintain electromagnetism, most likely contains this element.”
So yes, moly is critically important — it’s also quite abundant, mostly in copper mines but also in primary molybdenum mines around the world … and the price has been very volatile in recent years. Moly
Burgess also teases that the supply picture is perilous …
“And today it’s running out.
“Thanks, in large part, to a recent Chinese campaign to hoard every ounce of moly they can get their hands on, for the first time ever, global supply is lagging far behind demand…
“About 31% annually at last count….
“With China suddenly a net importer of this once plentiful element, other major consumers – namely the United States, European Union, and India – are scrambling for new sources.
“The result: We’re now in a perfect storm scenario for a commodities rush unseen since the 1970s Hunt Brothers’ campaign to monopolize silver.”