Chile's molybdenum bonus

MOLYBDENUM has emerged as a crucial metal in the profits of Chile’s state-owned copper company, Codelco, which estimates that about US$1 billion of its 2004 record profit of US$3 billion came from moly.

Chile's molybdenum bonus Chile's molybdenum bonus Chile's molybdenum bonus Chile's molybdenum bonus Chile's molybdenum bonus

According to a Dow Jones report, Codelco lifted moly production by 27% to 70 million pounds, just in time to catch a surge in demand from steel mills where the metal has extensive uses.

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