[Ferro-Alloys.com] International molybdenum price maintains at high level with rising raw material price and growing demand. On February23th, the European ferromolybdenum assessment moved to $30.5-30.7/lb from $30.2-$30.6/lb.

[Ferro-Alloys.com] The latest price of ferromolybdenum, molybdenum powder and molybdenum oxide is unchanged from the previous trading day.

[Ferro-Alloys.com]There are not bulk transactions in the molybdenum market in China after traders’ selling at low price. 5

[Ferro-Alloys.com] Chinese Spring Festival is near, molybdenum raw material market gradually depressed, the price retreated slightly. The reference price of 45-47% molybdenum concentrate was at RMB1,580-1,600 /mtu, compared with yesterday drop RMB20/mtu, and a...

[Ferro-Alloys.com]In the molybdenum business, the steel industry is our largest customer. More than 70% of molybdenum’s first use is in steel.

[Ferro-Alloys.com] Ferro-Alloys.com stated that nearly 63% of molybdenum supply is derived as a by-product mostly from copper miners while the remainder of molybdenum is sourced from primary producers, mostly in China.

[Ferro-Alloys.com] On January31th, the Platts daily dealer ferromolybdenum assessment moved to $29.8-30.1/lb from $29.9-$30.1/lb. The daily European molybdenum oxide assessment was at $11.8-11.9/kg.

[Ferro-Alloys.com]Molybdenum prices started the week Monday on a lower note as offers fell below $12/lb as buyers remained absent.