Freeport’s moly sales prices impacted by weak demand

Jan 23, 2014 | 09:46 AM | Daniel Fitzgerald

Tags  Freeport-McMoran Copper & Gold, molybdenum, molybdenum production, molybdenum sales, molybdenum prices, Daniel Fitzgerald

NEW YORK — Freeport-McMoRan Copper & Gold Inc.’s average realized sales prices for molybdenum fell in 2013 due in part to weak demand, according to the company.

The Phoenix-based company posted consolidated sales of 93 million pounds of molybdenum in 2013, up 12 percent from 83 million pounds the prior year. However, the average realized price came in at $11.85 per pound, down 16.9 percent from $14.26 per pound in the same comparison, according to Freeport’s....





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