Origo buys stake in Chinese molybdenum miner
China-focused Origo Partners has purchased a 20% stake in Moly World, a molybdenum miner based in Inner Mongolia, for $10 million. As part of the deal, Origo Resources International, a commodities trading firm owned by the private equity firm, will receive an offtake of 20% on Moly World’s output.
Molybdenum is used in the production of high-strength steel alloys for buildings, bridges and cars. China currently accounts for 30%-35% of global consumption of the commodity. Origo expects growing...
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