Freeport: Sees 2009 Molybdenum Sales -25% At 60 Million Lbs
January 26 2009 - 9:14AM
Dow Jones News
U.S. producer Freeport McMoRan Copper and Gold Inc. (FCX) has
revised its forecast for molybdenum sales in 2009 and 2010 to 60
million pounds for each year, some 25% and 40% down respectively
from previous estimates.
The company said it might make further reductions to its
molybdenum production and sales plans, and that it is closely
monitoring market conditions.
-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413;
andrea.hotter@dowjones.com
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