Sales of molybdenum, which is used to make steel and iron alloys, should increase to 90 million this year, from 83 million in 2012.
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The mining company reported consolidated sales from its mines of 926 million pounds of copper, 480 thousand ounces of gold and 20 million pounds of molybdenum, beating its production forecasts for all three metals.
Phelps said that on a pro forma basis for 2006, its production combined with Freeport s would be approximately 1.9 million tons of copper, 1.8 million ounces of gold and 69 million pounds of molybdenum, a metal used for hardening steel.
The first they dealt with by coating the top of the device with oxides of hafnium, molybdenum and titanium, in layers about 100 nanometres thick.
It is the largest producer of copper, gold and molybdenum in the world, satisfying 9% of the global demand for copper.
Freeport is involved in mining, smelting and refining of coper, gold and molybdenum.
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The answer hinges on the future prices of copper, gold and molybdenum.
At one point, the nearby Climax mine produced close to 75 percent of the world's molybdenum, which is used as a hardening agent for steel in cars, as well as in computer chips and monitors.
The performance in Q was better than in the comparable period in 2011 due to higher average realized prices as well as higher production and sales of copper, gold, and molybdenum.
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He and his colleagues have discovered many non-carbon tubes made of materials such as tungsten disulphide and molybdenum disulphide.
Shares in mining company Freeport-McMoRan headed up Wednesday after the company beat expectations for profit with greater production than it expected of its mined copper, gold and molybdenum in the first quarter.
Another nearby molybdenum mine laid off about 30 percent of its work force.
And then molybdenum prices plummeted as the crippling trickle-down effects of the global financial turmoil hit the mining industry.
Although the silver boom eventually went bust, another mineral molybdenum proved to be profitable for this mountain town southwest of Denver.
Freeport derives 78% of its mining revenue from copper, 12% from gold and 6% from molybdenum.
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