Climax Molybdenum Company Description
The earth suffers a little death every time Climax Molybdenum pulls its product out of the ground. The company produces molybdenum from its underground and open-pit mines in Arizona and Colorado. The company also operates molybdenum processing and roasting facilities in the US and Europe (in the UK and the Netherlands). Molybdenum is used primarily by the steel industry as an anti-corrosive and, on a smaller scale, the chemical industry. Founded in 1916, Climax Molybdenum was a subsidiary of Phelps Dodge until Freeport-McMoRan Copper & Gold bought that company in 2007. Climax makes Freeport-McMoRan the world's #1 molybdenum producer.
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The Company Description provides a historical perspective of Climax Molybdenum's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Climax Molybdenum's evolution in the marketplace.
