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...


Amy Lv

January 07, 2020

12:35 GMT