As Shale Gas exploration continues in the Americas, China is moving in to secure longterm deals for export.  Much of the drills needed require the production of Mollybednum.

The price of Molybdenum has increased over 20% in the last month alone.  If the demand for steel continues to increase throughout 2014, the price of secondary metals needed for the production of steel, such as molybdenum, could also follow suite and move upwards significantly.

Alcoa Inc, a leader of the steel industry showed in their earnings report released this week that production for steel and molybdenum is up significantly from production in Q3 of 2013.  Is more coming?  Is the steel industry about to rebound in 2014/2015?

Articles of interest on Alcoa Inc.

http://www.schaeffersresearch.com/commentary/content/blogs/analyst+upgrades+alcoa+inc+linkedin+corp+and+yelp+inc/trading_floor_blog.aspx?blogid=120573

http://seekingalpha.com/article/2136703-micron-alcoa-earnings-redux-both-companies-seeing-positive-eps-revisions

http://www.fool.com/investing/general/2014/04/11/alcoa-inc-earnings-make-the-case-for-improving-fun.aspx