Citic Metal maintains Q1 2020 ferro-niobium price
Citic Metal, the exclusive sales agent in China for ferro-niobium from Companhia Brasileira de Metalurgia e Mineração (CBMM), kept its first-quarter 2020 contract price for ferro-niobium unchanged at 205,000-225,000 yuan ($29,387-32,254) per tonne, market sources told Fastmarkets.
The company had raised its ferro-niobium price to the current level for fourth-quarter contracts
in early October 2019 due to yuan depreciation - equivalent to around $45-49 per kg, according to sources.
The decision to keep the first-quarter price flat came despite the fact that the...