China Molybdenum Takes A View on the Copper Market
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- Category: Molybdenum's News
- Published on 30 July 2013
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China Molybdenum (CMOC) , with a market value of $5 billion, mainly produces molybdenum and tungsten. The company went public last year backed by state-owned Luoyang Mining Group Co and billionaire Yu Yong.
Copper is seen as one of the preferred commodities by the investment market," said UBS analyst Glyn Lawcock, adding that BHP and Rio's $3.4 billion investment on a water plant at the Escondida copper mine in Chile.
It was announced last week, was evidence of bullish views on copper.Obviously the Chinese are taking a view on the copper market as well.
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