RE:RE:RE:CPM True...........Ill take cpm at its word:
But the rest of the article spoke to "Obstacles in obtaining financing are likely to affect the molybdenum market through the second half of the 10-year projection period.” "While many primary producers have been challenged by current moly prices, some new copper projects and expansions also face delays and economic hurdles".
Meanwhile, the consultancy points out that lower prices of base metals have prompted producers to work at lowering costs, resulting in delayed development decisions for many copper projects. “Much of the anticipated boost in copper supply over the medium to long term continues to be pushed further out, and that will "influence moly supplies in the later years of the consultancy's 10 year outlook."
In that regard delayed copper projects delays moly mining therefore constrainng moly supply........
“Obstacles in obtaining financing are likely to affect the molybdenum market through the second half of the 10-year projection period.” Meanwhile, the consultancy points out that lower prices of base metals have prompted producers to work at lowering costs, resulting in delayed development decisions for many copper projects. “Much of the anticipated boost in copper supply over the medium to long term continues to be pushed further out,
Read more at https://www.stockhouse.com/companies/bullboard/v.avt/avanti-mining-inc?postid=22067290#ockXA84155tbLkyb.9 The article also points out that lower prices of base metals have prompted producers to work at lowering costs, resulsting in delayed development decisions for many copper projects. Cpm says "this will influee moly supplies in the later years of the consulstancy's 10 year outlook. Cpm concludes that over the forecast period demand for higher qulity specialty steels will be required........................etc etc. Dowsn't that imply that todays lower prices are shutting down projects, lowering supply, but that as the utility of moly (and other base metals increases0, the supply demand relationships will move toward balance.