TCM Expections wrong, increases show.
Thompson Creek Metals have announced that they have a better expected profit from the last quarter than they assumed.
“The medium-term outlook for molybdenum prices remains favorable, especially as the world industrial economy returns to a more normal growth rate and that growth stimulates additional demand for molybdenum,” Kevin Loughrey stated.
TCM reported that molybdenum fabrication increased to £32m from an expected £29m.
