Molybdenum Continues to Shine

By Leia Michele Toovey - Exclusive to Moly Investing News

Molybdenum demand has stayed stead and there is a strong outlook for the future

Commodities have been having a rough ride lately, but Molybdenum’s performance, although not stellar, has not been as bad as many of the other metals. People have been whispering that moly’s current supply/demand picture makes it one of the best metals to invest in.

This is probably not much of a secret anymore, as last week on CNBC Jim Cramer recommended moly stocks on his Mad Money lightning round. His reason for the recommendation? The fact that moly is in short supply, and the stock is currently trading low as current economic conditions have prompted a sell off of all commodities.

Moly demand has stayed steady, with a strong future outlook. The supply picture has been decreasing. Just this past week Chile announced that their output of molybdenum fell 27.6 percent in June, 21.6 percent in the first half of the year. Chile is the global leader in copper production, and mines moly in concert with copper, as the metals are found together. Despite moly’s decrease, copper production was up.

http://www.molyinvestingnews.com/99-... l