General Moly focusing on Asian market: Hansen
Aug 12, 2014 | 01:21 PM
| Daniel Fitzgerald
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 LLCs 10th Annual Global Industrials Conference in New York.....
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