China May Identify Molybdenum as National Resource, Journal Says...

China May Identify Molybdenum as National Resource, Journal Says

"China is preparing to classify molybdenum as a so called national mining resource to limit the mining of the minor metal starting next year, the China Securities Journal reported today, citing an unidentified person. "

And from Bloomberg

"Thompson Creek Metals Co. soared 12 percent after the China Securities Journal said China may limit mining of molybdenum."

So what are the Chinese really about? Zeroed in on two of the worlds largest Moly mines and now locking up the commodities.
Nice day Monday!