TCM Expections wrong, increases show.

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TCM Expections wrong, increases show.

Thompson Creek Metals have announced that they have a better expected profit from the last quarter than they assumed.

“The medium-term outlook for molybdenum prices remains favorable, especially as the world industrial economy returns to a more normal growth rate and that growth stimulates additional demand for molybdenum,” Kevin Loughrey stated.

TCM reported that molybdenum fabrication increased to £32m from an expected £29m.

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