Noble Alloys Market Weekly（07 July-07 July）Vanadium Market Price Kept Stability, Moly Mine Offer Adjusted Price and Ferromoly Price Up again, Tungsten Market Price Kept Decreasing

Noble Alloys Market Weekly（07 July-07 July）Vanadium Market Price Kept Stability, Moly Mine Offer Adjusted Price and Ferromoly Price Up again, Tungsten Market Price Kept Decreasing

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand.

The 2306 ferrosilicon contract price on ZCE closed at 6976 yuan per ton on July 6.

China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023.

Ferro-alloys is a highly energy-intensive industry and one of the key sectors attracting the attention of government departments and industry market participants over its progress in terms of its green development.

The 2306 ferrosilicon contract price on ZCE closed at 6984 yuan per ton on July 5.

Nickel supply surplus over the next two years will keep nickel prices lower, according to the Australian government’s latest Resources and Energy quarterly report. The LME nickel price, which is forecast to average about USD23,000/mt in 2023, respectively USD...