General Moly focusing on Asian market: Hansen

Aug 12, 2014 | 01:21 PM | Daniel Fitzgerald

Tags  General Moly, molybdenum demand, China, steel producers, Asia, molybdenum, Mount Hope, stainless steel moly pricing

NEW YORK — General Moly Inc. expects to have some molybdenum supply contracts with U.S. steelmakers once it starts production, but believes the Asian steel market will drive demand.

The Lakewood, Colo.-based company is in discussions with three Chinese companies with a view to putting together a $700-million to $750-million debt-and-equity financing package for its Mount Hope molybdenum project in Nevada, General Moly chief executive officer Bruce D. Hansen said Aug. 12 at Jefferies LLC’s 10th Annual Global Industrials Conference in New York.....

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