European Ferromolybdenum Prices Trending Up

Metal Bulletin published an article that explains why European ferromolybdenum prices have fared so well since the end of this year’s first quarter.

As quoted in the market news:

The bulk of the rise, furthermore, took place from the end of March onwards, and has seen European prices shoot up from $25.80 on the high end of the quotation on March 26, to a high of $32.40 on April 16, or a 26% rise in just a couple of weeks. Indeed, since the beginning of the year, prices have roared upwards from $24.65-25, to the most recent level of $32-32.40 per kg, marking a rise of 30% overall.

Click here to read the full Metal Bulletin article.