Moly demand rise to outstrip growth in supply: Loughrey

May 08, 2012 | 12:39 PM | Thorsten Schier

Tags  Climax, Freeport, molybdenum, Kevin Loughrey, Thompson Creek, General Moly, Mount Hope, Thorsten Schier

NEW YORK — Thompson Creek Metals Co. Inc. expects molybdenum demand to rise between 4 and 6 percent annually, outpacing the growth of supply sources through 2020, according to chairman and chief executive officer Kevin Loughrey.

"(Freeport-McMoRan Copper & Gold Inc.’s) Climax is the only primary molybdenum mine to come on in the near term, as rising capital costs and permitting delays hinder other projects," he said during the Denver-based company’s first-quarter earnings call.....

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