SOURCE: Industrial Info Resources

December 13, 2007 10:01 ET

Strong Economics Roll Molybdenum Mining Projects Forward, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 13, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The race is on for the next large-scale molybdenum producer in North America. Molybdenum, used as a high-strength, corrosion-resistant steel alloy in stainless and structural steels, and also as a catalyst and for sulfur removal in diesel fuel, has experienced a 30% increase in demand since 1997. Produced mainly as a secondary product at copper and other polymetallic mines, supply has not kept pace with demand, and as a result molybdenum prices have risen sevenfold in recent years. This has led to a good number of molybdenum ore mining projects in North America.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR) is the leading marketing information services company for the industrial process, heavy manufacturing and energy-related markets throughout the world. For more than 24 years, IIR has provided accurate and timely intelligence through products such as plant and project information databases, focused market databases, industry forecasting, key industry contacts, industry and territorial map products, direct marketing services and applications, and daily industry news. For more information send inquiries to or visit us at

Contact Information

  • Contact:
    Joe Govreau