NewswireToday - /newswire/ -
Sarasota, FL, United States, 2006/11/08 - Two molybdenum experts foresee bottlenecks in the molybdenum roasting process over the next several years, which accompanied with strong demand, may keep the moly price firm..
“The molybdenum industry does have the ability to produce more moly,” Michael Magyar told StockInterview, “but we can’t roast much more moly right now.” Magyar is the molybdenum commodity specialist for the United States Geological Survey (USGS), based in Reston, Virginia. He explained that increased molybdenum in steel demand could create another bottleneck at the roasters. Worse yet, he added, “No one is actively permitting for more roasting capacity in North America.”
Two years ago, a bottleneck development in the roasting of molybdenum. According to William G. Cook, who is the North American representative for Derek Raphael & Company, presently the world’s largest molybdenum trader, “The roasting sector has not been able to keep pace with the rapid increase in moly demand.” He explained this was a concern, “Roasters are very expensive to build and are environmentally sensitive so this is an area to focus on in the future when evaluating the moly market.”
In the feature article, StockInterview.com senior editor James Finch ponders if a molybdenum roasting bottleneck could impact construction of about 11,000 containers to be used at the Yucca Mountain nuclear waste storage site in Nevada. As much as 33 million pounds of molybdenum may be required to help make those containers corrosive-resistant to radioactive nuclear waste.
The feature article entitled, “Roasting Bottlenecks Could Support Firm Molybdenum Price Past 2010," appears on the financial news website.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry.
For more information on StockInterview’s 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” please visit our website.