European FeMo prices up; year-end cap likely

Oct 11, 2013 | 02:37 PM | Claire Hack

Tags  ferromolybdenum, molybdenum oxide, ferromolybdenum prices, molybdenum oxide prices, Sierra Gorda, claire hack

LONDON — Ferromolybdenum prices in Europe broke through $24 per kilogram at the top end of the range Oct. 11 as market participants reported a slight increase in activity.

AMM sister publication Metal Bulletin’s in-warehouse Rotterdam quotation moved up to $23.80 to $24.10 per kg from $23.50 to $23.80 previously. "Prices have firmed a little bit more. This week, we’ve sold (two trucks) altogether. For less than 10 tonnes, we can see $24.50," a producer source told Metal Bulletin. ....

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