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Molybdenum had a value of approximately $30,000 per tonne as of August 2009. It maintained a price at or near $10,000 per tonne from 1997 through 2003, and reached a peak of $103,000 per tonne in June 2005. [57] In 2008, the London Metal Exchange announced that molybdenum would be traded as a commodity. [58]
This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. ... Molybdenum: 10.22: 1.2 ...
Because most molybdenum is used as a steel alloy, demand for, and therefore the price of, molybdenum, tracks the demand for steel. As of the end of 2014, the United States had 2.7 million tons of molybdenum reserves, and 5.4 million tons of identified molybdenum resource. [1]
In 2006, the privately held Thompson Creek Metals Company (USA) was acquired by Canadian-based, publicly traded mining company Blue Pearl Mining Ltd for US$575 million, in addition to other payments worth as much as US$125 million depending on the price of molybdenum.
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals , industrial metals and other metals.
In 1950, the Molybdenum Corporation of America bought the Mountain Pass mining claims, and began production in 1952. It changed its name to Molycorp in 1974. It changed its name to Molycorp in 1974. The corporation was acquired by Union Oil in 1977, which in turn became part of Chevron Corporation in 2005. [ 5 ]
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