Recently, however, demand for molybdenum had increased in countries such as India and China.
Freeport derives 78% of its mining revenue from copper, 12% from gold and 6% from molybdenum.
And then molybdenum prices plummeted as the crippling trickle-down effects of the global financial turmoil hit the mining industry.
Another nearby molybdenum mine laid off about 30 percent of its work force.
Additionally there is a to be a long-term molybdenum supply off-take agreement for Hanlong from the Mt.
The mine also contains silver, gold and molybdenum (used in steel alloys)--a common combination found in the Peruvian Andes.
He and his colleagues have discovered many non-carbon tubes made of materials such as tungsten disulphide and molybdenum disulphide.
Freeport is involved in mining, smelting and refining of coper, gold and molybdenum.
FORBES: Costly King Copper Could Turn Freeport Into A Pauper
Although the silver boom eventually went bust, another mineral molybdenum proved to be profitable for this mountain town southwest of Denver.
It is the largest producer of copper, gold and molybdenum in the world, satisfying 9% of the global demand for copper.
The answer hinges on the future prices of copper, gold and molybdenum.
Mongolia makes mining geologists salivate over its known riches and unexplored potential for copper, coal, gold, silver, uranium, molybdenum, and on and on.
Sales of molybdenum, which is used to make steel and iron alloys, should increase to 90 million this year, from 83 million in 2012.
FORBES: U.S. And China Strengthening, Gold To Average $1,700 In 2013: Freeport McMoran
The first they dealt with by coating the top of the device with oxides of hafnium, molybdenum and titanium, in layers about 100 nanometres thick.
Furthermore, despite having sidelines in cobalt and molybdenum, the new firm's fortunes will depend chiefly on the price of copper and nickel two of most volatile metals of late.
Chevron?s U.S.?based mining company produces and markets coal and molybdenum.
FORBES: Chevron Picks A Fine Time To Leave The Coal Mining Biz
This 51% ownership rule will cause a 14% reduction on copper reserves and a 49% reduction on gold reserves and no impact on molybdenum, as Grasberg has no molybdenum.
FORBES: Freeport McMoRan Worth $62 Despite Indonesian Shake Down
We're talking about other types of metallic minerals gold, silver, uranium, molybdenum, all of which have had meteoric rises over the past year in terms of their price.
Plan Nord is focused on opening up opportunity for permits, roads, infrastructure, to encourage more mining in northern Quebec, a region rich in diamonds, copper, molybdenum, rare earths and gold.
The performance in Q was better than in the comparable period in 2011 due to higher average realized prices as well as higher production and sales of copper, gold, and molybdenum.
FORBES: Freeport Banks Future On Better Copper Production And Energy Exploration
At one point, the nearby Climax mine produced close to 75 percent of the world's molybdenum, which is used as a hardening agent for steel in cars, as well as in computer chips and monitors.
As for the motor, the main problems are that its magnets are made of molybdenum and titanium both pricey and that it needs a complex array of special switches called thyristors to control it.
Shares in mining company Freeport-McMoRan headed up Wednesday after the company beat expectations for profit with greater production than it expected of its mined copper, gold and molybdenum in the first quarter.
The mining company reported consolidated sales from its mines of 926 million pounds of copper, 480 thousand ounces of gold and 20 million pounds of molybdenum, beating its production forecasts for all three metals.
And a few mines, some say, have given priority to producing associated metals such as molybdenum, which is mined in tandem with copper and whose price has increased even faster than the bigger metal's.
Phelps said that on a pro forma basis for 2006, its production combined with Freeport s would be approximately 1.9 million tons of copper, 1.8 million ounces of gold and 69 million pounds of molybdenum, a metal used for hardening steel.
Molybdenum adds 22% to the balance.
FORBES: Freeport McMoRan Worth $62 Despite Indonesian Shake Down
Molybdenum sales hit 19 million pounds.
FORBES: Freeport McMoran Beats Despite Plummeting Copper And Grasberg Strike
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