Thursday, April 26, 2007

Moly - poisons the water supply?


Those who missed the nickel and uranium runs can take comfort in knowing that molybdenum is the next super-hot investment. This is the metal that can resist heat, cold, and corrosion better than steel.

And thanks to increased demand from the likes of, you guessed it, China -- the white-hot metal has been soaring since January. In part, China can be blamed for the supply issue. You see, back in 2005, Hubei residents blamed molybdenum mines for poisoning the Chaoshui River. In response, rioters destroyed about 200 molybdenum mines, crippling global supply.

Source: Molybdenum Investor News, Prices, Stocks & Resources - Molybdenum: Its Time has come to Rally…

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