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India: Ferro molybdenum prices hold firm amid global support
Chinese prices rise RMB 4,000/t ($595/t) w-o-w Buyer caution limits spot market transactions Indian ferro molybdenum (FeMo) prices remained stable w-o-w at INR 4,359,000/t ($45,772/t) exw on 25 August. Firm global prices, particularly in China, along with tight availability of molybdenum oxide continued to provide support to the domestic market. However, elevated prices kept buyers…