FeMo, MoO3 prices tumble to 12-year lows in Europe

Ferro-molybdenum prices continued their descent in Europe on Wednesday July 8, spurred by poor sentiment, as well as falling nickel prices.

Market participants agree that the weakness in the nickel price on the London Metal Exchange will have a knock-on effect on alloys markets, and especially ferro-molybdenum, but other factors are likely to be equally important, if not more so, they said. Ferro-molybdenum is heavily reliant on demand from the tube and pipe industry, which has been weak in recent months, and there are no...

Published

Claire Hack

July 08, 2015

17:17 GMT

London