Thompson Creek Metals Company Inc. (NYSE: TC) shares moved marginally higher after CNBC's Jim Cramer recommended the stock on his Mad Money Lightning Round. The hedge fund manager turned television personality noted that molybdenum is in short supply worldwide and this stock is a great way to take advantage of the resulting positive pricing environment. Currently, the stock is trading at a relative low as most commodities have been sold off in recent weeks.

During the first quarter, Thompson Creek reported molybdenum production of 5.6 million pounds compared to 3.4 million pounds during the previous quarter. Meanwhile, the average price on sales was $32.69 per pound compared with $31.08 per pound in the previous quarter. Overall net income was $46.8 million compared with $28.9 million during the previous quarter and $47.7 million during the first quarter a year ago.

The outlook for molybdenum prices also looks very bright while Thompson Creek expects production in its mines to increase from 16.3 million pounds in 2007 to between 23 and 24.5 million pounds in 2008 and in excess of 34 million pounds in 2009. This combination of production growth and increased pricing power means that the company's net income and earnings should experience sustained growth for many quarters to come, according to many experts.

Thompson Creek is an integrated North American primary producer of molybdenum with operations across the United States and British Columbia. The company produces a range of molybdenum products including pure oxide, molybdic oxide, powder and briquettes, ferromolybdenum, and high purity molybdenum disulfide. Molybdenum itself is used in pure form and as a steel additive. Its defining characteristic is that it has one of the highest melting points of all metals.

Thompson Creek Metals Company shares are trading up $0.10, or 0.64%, to $15.80 on the news. – Investerms