Colorado Moly Mills and Mines Cut Costs to Better Compete in Soft Market, an
Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 03/19/13 -- Written by John Egan
for Industrial Info Resources (Sugar Land, Texas) -- As the Climax
Molybdenum Mine in Colorado nears the one-year anniversary of its
restarted operations, owner Freeport-McMoRan Copper & Gold
Incorporated (NYSE:FCX) (Phoenix, Arizona) is looking at the
continued soft global price environment for the metal. Nonetheless,
the world's largest molybdenum producer has plans to continue
expanding production while lowering production costs, in the hopes
that prices will firm and profits will grow.
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