Category: Noble Ferro Alloys

Firm oxide costs support Indian prices Chinese prices rise RMB 3,000/t w-o-w Indian ferro molybdenum (Mo: 60%) prices remained stable w-o-w, increasing by INR 29,000/t ($302/t) to INR 4,357,000/t ($45,433/t) exw. Despite expectations of a price decline among some market participants, spot prices remained firm, supported by higher global prices and firm molybdenum oxide costs.…