PRIVATE EQUITIES FLOCK TO MOLYBDENUM MINES IN SHAANXI
AsiaInfo Services, June, 2009
AsiaInfo Services 06-16-2009 Private Equities Flock to Molybdenum Mines in Shaanxi BEIJING, Jun 16, 2009 (SinoCast Daily Business Beat via COMTEX) -- More and more private equities smell the opportunities in developing molybdenum mines in Shaanxi Province, northwest China, and some of them have even started action. The Chinese government recently released an adjustment and reviving planning of the nonferrous metals industry and stirred wide concern of private equities.
Molybdenum, with the name of metal for the war, is quickly catching eyes as its price has sharply down but its reserve is still rare. Iron and steel industry creates the 75% of demand for this metal in China, while molybdenum chemicals and molybdenum metallic products consume the rest 25%. Three of...
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