This just out of H.C. Starck, one of the worlds largest processors of REM's. LRM's deposit full of moly is about to get a lot richer. The market is valuing the Cobre Grand at 0.03/share copper equivalent, and is putting ZERO value on the KM61. The upside here is tremendous! This is a huge buy under $1.00 in my opinion.
Tuesday - 2008/05/06
Newton, MA, May 06, 2008
H.C. Starck Inc. announces higher refractory metal prices
H.C. Starck Inc.’s Fabricated Products (“FPR”) Division is
notifying customers worldwide of a double digit
price increase for molybdenum, tungsten, tantalum and niobium metals effective immediately or as
contracts permit.
The substantial increase in demand for molybdenum, tungsten, niobium, and tantalum, including from
emerging markets such as China and the global consumer electronics market has resulted in a sustained
increase in the cost of raw materials. These market conditions for refractory metals are increasingly
projected to be secular, not cyclical. This means that pricing pressures will be sustained and likely
increase. In addition to the cost of molybdenum, tantalum, niobium, and tungsten, prices of other
commodities, such as energy, significantly affects FPR including, for example, in production and
transportation.
“H.C. Starck Inc. thus far has absorbed all of these macro
economic based cost increases, said Andrew
Towey, Vice President of Global
Marketing for FPR. Unfortunately the prevailing market conditions have
reached a point where H.C. Starck must recoup some of these costs.”
About H.C. Starck
H.C. Starck is an international group of companies with more than 3,400 employees at production sites in
Europe, North America and the Far East. Widely known for its technology in refractory metals, ceramics,
and chemicals for the electronic, semiconductor, and optical industries, H.C. Starck is owned by Advent &