Sunday, August 26, 2007
the molybdenum millionaires
wonder how many of you have heard of this word.it is actually an ore which is used for extracting molybdenum metal.this is then alloyed with other raw materials to make special alloy steels like stainless steel and high speed steel and other exotic steels used in the aviation and aerospace industry.it imparts toughness and wear resistance to the steel.derived from the greek word 'molybdos' which means lead,it was later found that it is an entirely different element. found mainly in china and chile,its price has been rising by leaps and bounds due to the strong demand from the steel industry in recent years and lesser availability from china due to various governmental restrictions.
there is a small city in northeast china called "huludao" having a population of 3 million people.around the city are rich moly resources.it has shipbuilding and nuclear submarine industries providing jobs for masny people.
the streets of huludao are filled with a large number of western luxury cars like bmws,mercedes and lexus.seen mainly in shangai and beijing this is an unusual site for huludaons.
molybdenum has cropped up a new breed of millionaires.those who dress modestly but show off their luxury cars.symbols of their newly found wealth. like the rich coiambatoreans.who also like to flaunt their luxury suvs and limos. and unlike the noveaau riche ludhianvis who dress flashily and flash their flashy cars.one thing is common though. they are all obsessed with luxury cars.