North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Gary Park 

Natural gas pipelines could hold promise for molybdenum miners


Last updated 4/24/2005 at Noon

The multi-billion dollar plans for northern gas pipelines could generate some profitable spin-offs in the mining sector.

The Arctic lines will create a heavy demand for molybdenum, which enables high-value steel alloys to withstand extreme temperatures and pressures.

Now fetching US$30 per pound, up tenfold from two years ago, the metal could soar to US$60 given that there is no easy substitu...

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