Leeward Capital Corp LEWCF

World Outlook for Moly

[Bentonstocks]

Maybe Leeward should be calling-up the Chinese (see below)...
 
I had rumours a while back that a financing (not necessarily by issuing shares) was in the works, as well as the gold property sale rumours mentioned here previously... I thought the high volume recently might have some something to do with that, but things appear to be quiet again. Anyone hear anything new?

Anyway, I can say with a 'fairly high degree of confidence', that some day, something good or bad will happen with LWC :-) Until then, it appears as though we are 'worth' about 2 or 3 cents... Sigh.

B.

**********************************************************************

Molybdenum: The Economics Committee of the World Steel Association has released a short range outlook for 2010 and 2011.

The Economics Committee of the World Steel Association met in Beijing last month and released a short range outlook for 2010 and 2011.

Mr Daniel Novegil chairman of the Economics Committee said that "The world steel industry now seems firmly set on a path to recovery.

The emerging economies, who in total maintained positive growth through the crisis, will continue to show strong growth, driving world steel demand in the future, however the current recovery in the major developed economies is slower and the projected steel demand for them in 2011 is well below the 2007 level."

The rising demand for steel is creating a pressure on the supply chains as well. Chinese firms are reportedly rushing to fund and buy out small molybdenum producers worldwide in an effort to lower their steel production costs. With an inventory of over 45,000 tonnes, China currently accounts for 22% of the global molybdenum stock.

On March 5th 2010, Economics Committee predicted the following for 2010:
1. Molybdenum - At least USD 20 per pound by end of year.
2. Manganese - Continued rise in Electrolytic prices.
3. Magnesium - Prices should begin to strengthen in 2010.