European molybdenum markets bounce on oxide price rise

European molybdenum prices rose this week, with price gains in molybdenum oxide pulling up the alloy market, although the rally may be limited in the near term given muted demand in the stainless steel sector, trading sources said.

Around 270 tonnes of oxide was reported traded in first half of the week to Wednesday May 29, with nearly half that volume done in Europe and the rest in Busan, South Korea. Around 130 tonnes of ferro-molybdenum was reported traded in the same...

Published

Declan Conway

May 30, 2019

16:03 GMT

Galway