"Did I mention that in 1989 the U.S. produced more than 75% of its needs in ferromolybdenum from domestically mined molybdenum, and that today the U.S. imports almost all of its ferromolybdenum needs from places like China, which even buys molybdenum ore from the United States to smelt and refine and to export back to us if it is not needed in the Chinese domestic market."

- More...