Molybdenum - fundamentals better than base metals
All things equal, molybdenum has fundamentals that are less subjected to down turns in the markets.
Molybdenum is tied to oil. As a catalyst, its use increase as the price of oil increases, and as the quality of oil declines and further processing of oil is required.
But molybdenum has an even greater use tied to oil. As oil has been used up, ground water has seeped into reserves, so today not only is oil transported through pipelines, but water, water that mixes with other chemicals in the oil to create a corrosive mixture. The sulfur reacts to create H2S in the pipelines. The pipelines were never designed to withstand such a corrosive mixture, and they are in dire condition, with stress fractures and corrosion happening.
Molysteel makes the pipes more resistant to corrosion, and many of those pipelines built in the 60s and 70s need replacing today. It makes the demand for molybdenum stay strong even in a weaker economy because the pipelines must be replaced. The risk of not replacing them far out weights the price.
My other blog, http://makingsenseofmyworld.blogspot.com/, has some very good stories about molybdenum.
And while you are at it, have a look at Roca, ROK on venture, or ROCAF on pinksheets.