Noble alloy prices increase again on supply tightness

Apr 25, 2014 | 01:29 PM | Daniel Fitzgerald

Tags  molybdenum prices, molybdic oxide, ferromolybdenum, ferrovanadium, noble alloys, Daniel Fitzgerald

NEW YORK — Noble alloy spot prices have spiked again, with molybdenum in particular showing a pronounced jump on the back of ongoing supply tightness.

Molybdic oxide moved up to a range of $13 to $13.50 per pound from $10.90 to $11.50 previously, while ferromolybdenum has increased to $14.60 to $16 per pound from $13 to $13.20.

Market participants told AMM that the molybdenum market was suffering from a significant shortage of spot material, with major producers forced to devote almost all of their output to contract customers, allowing the few traders with material to push up prices.....

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