Molybdenum sparks interest

'Moly (short for molybdenum) is a versatile metal. Its alloying properties have ensured it a significant role in industrial technology, which increasingly requires materials that are serviceable under high stress, expanded temperature ranges, and highly corrosive environments. Molybdenum prices are quoted in US$/lb of MoO^sub 3^.Molybdenum does not trade on the London Metals Exchange or any other publicly traded commodity exchange. Its price is determined solely by supply/demand in the marketplace and supply contracts. Currently moly trades at approximately US$30/lb. The United States is the top producer of moly, followed by Chile, China, Peru, Canada and Mexico.Currently, there are three primary moly producers in the United States (Phelps Dodge, Thompson Creek, MolyCorp), one in Canada (Endako), one in Russia and two in China.