ich darf mir Scary nicht spielen........aber hauptsache ihr habt spaß..... ;-)
ähm reki,bitte nicht meine postings korrektur lesen,auch bei mengenrabatt und einem freundschaftspreis, dat würde meine finanziellen mittel als PUSHER bei weiten übersteigen ;-)
nun werde ich mich heute nen bissel rah machen....sonst überkommt mich wieder ein rückfall der "ZEBRASTREIFENPEST" *fg*
hab da mal wat von eifelcash mitgebracht ;-)
Quelle: http://www.platts.com/Metals/News/...Metals/News&?undefined&undefined
Molybdenum won't return to 1990s lows, new $15/lb floor: Codelco
Santiago (Platts)--10Sep2008
Booming demand for molybdenum, used to produce stainless and other
specialty steels, means prices for the minor metal are unlikely to return to
the historic lows seen in the previous two decades, an official at Codelco,
Chile`s state copper company and a major producer of the minor metal, told
Platts Wednesday.
Molybdenum is "at an extraordinarily high price today, but I don't think
molybdenum is going to return to the historical levels that we saw in the
1980s and 1990s of less than $5/lb," said the company`s marketing director
Victor Perez.
Speaking on the sidelines of the International Molybdenum Association`s
annual general meeting, which Codelco is hosting in the Chilean resort of Vina
del Mar, Perez said a huge backlog in infrastructure projects in emerging
economies, most notably in China and, increasingly, in India, meant demand for
steel will remain firm over the next decade or more.
Higher expectations for durable, recyclable and non-corroding material
means more of the steel used will contain molybdenum, he added.
"I see there is a lot of demand, which will be the main driver of
maintaining an attractive price for the primary and secondary molybdenum
industry -- the new equilibrium price for molybdenum is going to be between
$15/lb and $25/lb for a period of time," he said.
What impact a new molybdenum contract announced last week by the London
Metals Exchange will have on prices remains to be seen.
"Each agent will have to evaluate what this means. There are contracts
that work and others that do not," Perez said.
PLANS TO BOOST OUTPUT
Given the huge revenues higher molybdenum prices have meant for Codelco,
the state-owned miner is undertaking a series of investments and changes to
its mines to boost output by as much as 20% by 2011 to over 33,000 mt, from
just under 28,000mt of molybdenum last year.
The board of directors is due to approve "in October or November" a new
20,000 mt/year processing plant at Codelco's Mejillones port in northern Chile
at a cost of $120-150 million, Perez said.
The company is also investing in existing installations at its Andina, El
Teniente and Codelco Norte divisions "to improve molybdenum recovery by three
or four points", he added.
Finally, Codelco is holding an international tender to select a partner
for a new joint venture that will use cutting-edge technology to process "the
immense quantity of copper slags" at its divisions, Perez said.
Depending on the technology selected, this project could produce
2,000-3,000 mt/year of molybdenum as well as copper, iron, rhenium and other
metals.
The new focus on molybdenum also extends to the company's huge mine
investment program, estimated at $12 billion over the decade, which includes
expansions at Andina and El Teniente and a new underground operation at the
century-old Chuquicamata pit.
"Molybdenum today forms part of the strategic planning of any project
Codelco undertakes," Perez said.
Codelco is not alone in Chile in chasing molybdenum revenues.
Juan Carlos Guajardo, director of Chile`s mining think tank CESCO, told
the conference that almost $500 million will be invested in molybdenum
production over the next five years, including Molymet's new plant, also at
Mejillones, a new roasting capacity at Xstrata's Altonorte smelter and
on molybdenum lines at BHP Billiton's Escondida mine and Anglo American's Los
Bronces.
While Codelco's new plant will treat concentrates from its own mines,
Perez said new processing capacity would serve expanding molybdenum production
not just in northern Chile, but also southern Peru and neighboring Argentina.
Rather than export concentrates for processing abroad, Chile will
increasingly import concentrates and export finished products, Guajardo said.
--Tom Azzopardi, newsdesk@platts.com
Post this story to: del.icio.us | Digg | Newsvine | NowPublic | Reddit |
Thread abonnieren
