Chile's Molymet posts 7% drop in sales as primary mines close

摘要

A drop in production from primarymolybdenum mines has squeezed output atChile’s Molibdenos y Metales (Molymet), theworld’s largest processor of molybdenum, thecompany said.Molymet sold 121.5 million lb ofmolybdenum products during the first ninemonths of 2016, down from 130.34 million lb inthe same period of last year, the company saidlate Wednesday in its latest quarterly results.