molybdenum-producer-markets-growth-story-to-ipo-investors

Molybdenum producer markets growth story to IPO investors

The company plans to set aside around $150 million for cornerstone investors from its $500 million share sale.

The name doesn’t exactly role off the tongue, but if investors can get past that small problem, they will find that China Molybdenum, or China Moly for short, is actually quite a simple story a mining company with one mine that produces a specialty metal which is in high demand by China’s growing stainless steel industry.

And the one mine isn’t just any old mine, but one of the largest pure molybdenum mines in the world with 498,000 tonnes of reserves. Much of the global supply of molybdenum is otherwise derived as a byproduct of copper processing, making companies with a primary focus on this metal something of a...

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