Thompson Creek Sees Moly 2014 Price Rise on Europe Demand
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Thompson Creek Metals Company Inc., the molybdenum miner branching into copper and gold with its new Mt. Milligan project, said prices for the steel-strengthening metal will rise in the first quarter of next year.
The first-quarter price for molybdenum oxide, a commonly traded form of the metal, will be $10 to $10.50 a pound, said Jacques Perron, chief executive officer of the Littleton, Colorado-based company, in a phone interview.