Tag: Global ferro molybdenum market sentiments
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India: Ferro molybdenum prices increase sharply w-o-w amid tight oxide supply, rising LME prices
Price surge leads to muted trade, cautious buyer sentiment LME molybdenum prices up $4/lb amid accident at US plant Indian ferro molybdenum prices surged by INR 517,000/t ($5,701/t) on 18 February compared to the previous assessment on 11 February. The rise was driven by higher molybdenum oxide prices, particularly due to tight supply in the…