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8 March 2010


Thompson Creek says molybdenum prices will rise

Source: Reuters

Thompson Creek Metals Co Inc looks for pent-up demand or the "rebound effect" to cause global demand for molybdenum to grow faster in 2010 than the usual 4 to 5 percent pace.

Speaking to Reuters Mining and Steel Summit, Chief Executive Kevin Loughrey said, the molybdenum market "has been growing at a 4 to 5 percent rate historically, and it could grow faster than that this year, because there is some "rebound effect".

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