Chinese ferro-moly prices breach $16 per kg on mine closure concerns

Chinese ferro-molybdenum prices have breached $16 per kg fob following speculation the government has ordered the closure of all ore dressing plants later this month.

“We have heard that miners are asked to halt their ore dressing plants by December 15 but so far things are a little unclear at this stage as to how long the closure will last,” one observer said. “To add on to the raw material supply squeeze,...


December 10, 2003

13:19 GMT