Molybdenum producer Thompson Creek Metals Co. Inc. has increased its production projections for 2010, citing increased optimism from its customer base.

The Toronto company expects molybdenum output to total between 29 million and 32 million pounds next year, up from an anticipated 24 million to 26 million pounds in 2009.

"Our sales book is better than it was this time last year," Kevin Loughrey, Thompson Creek's chairman and chief executive officer, said in an interview with AMM following the announcement of its third-quarter financial results...