Alice Agoos Ryan
Editor, Ryan's Notes Terry was the world's foremost authority on molybdenum. Many of you know what an accomplishment that was, but for those who don't, it was the result of years of research involving travel all over the world, mine visits, interviews, conferences, customer calls, statistical analysis, technical studies and on and on. Because he was approachable and always willing to listen and learn, Terry had the broadest range of contacts (and friends) in the industry. His modesty would have made him embarrassed to hear this, but he was certainly the most well-known person in the moly world.
Terry's large database established Adams Metals as the leading consultant to the moly industry. Terry was remarkably generous in sharing his research and meticulously culled data. Not only did he spend hundreds of hours explaining and reviewing data with reporters, analysts and investors, he was gracious in helping out a multitude of people that reporters referred to Terry for information. Terry was a terrific speaker, and the presentations he made at industry events immediately became valued reference tools to an international audience. Terry had a wonderful sense of humor and a mischievous grin. Even on the few occasions when I saw Terry irritated, there seemed to be a glint of a smile through the rapid-fire sputtering. He was able to diffuse uncomfortable situations with humor.
Terry may have been too nice. He certainly was not comfortable saying no to people who took up his time. I don't remember his ever saying anything negative about another person, but he was not above laughing heartily at some of the more eccentric behaviors of people in the metals industry. Terry could explain the most technical subjects to a layman, and he made analyzing data a fun, rather than a dreaded, activity. His love of the industry made him a tireless educator. More >>> |
Metal-Pages Newsletter February 2008
Noble Alloys: Moly gathers momentum The year 2007 has been a consistently good year for the molybdenum market, with prices holding at high levels. Both molybdenum oxide and ferro-molybdenum have been robust enough to bounce back from any occasional dip in values, and the oxide price saw out 2007 at an extremely healthy level of $32/lb – around $7 higher than at the end of 2006. The oxide price peaked at $34 in April, but has found a more “comfortable” level around the $32 mark. The start of the New Year saw moly oxide priced in a firmer range around $33/lb, and prices continue to rise in February 2008 to around $33.50-34/lb. The market was underpinned throughout 2007 by good, solid demand from the steel industry and a succession of squeezes on oxide and concentrate supply. Industry observers believe that demand will remain solid, at least through the first half of 2008 and quite possibly further, all depending on the health of the steel market. The year was punctuated with news of expansion plans and new projects, as companies sought to capitalize on the booming market for molybdenum or, in the case of Posco, secure supplies. The South Korean producer was showing real concerns over securing molybdenum in the first few months of the year, helping push the price up to $34/lb. In December, Posco said it will invest $170 million in the Mt Hope molybdenum mine in Nevada, US, owned by General Moly. More >>> |
| |