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Thompson Creek: Strong Molybdenum Demand Should Fuel Growth

Posted on June 25, 2008

A positive outlook for molybdenum [moly] combined with more in-house production bodes well for Thompson Creek Metals Company Inc. (TC), according to new coverage from Deutsche Bank analyst Jorge Beristain.Mr. Beristain initiated Thompson Creek, one of the largest listed pure play moly companies, with a buy rating and $32 price target, telling clients in a note that strong moly demand is underpinned by expectations of strong global steel production and shifting industry cost structure....

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analyst , metals , moly , molybdenum