Rising Prices Of Minor Metals In Europe

In the European market, with stable demand and active consumers and local traders, the price of molybdenum products has significantly increased. The news of a possible decrease in the supply of ferrovanadium does not affect the market, as demand for this alloy remains weak.
On May 7th, the price of ferromolybdenum (60-70% Mo) ranged from 51-52 USD/kg  of Mo DDP (last weekend it was 50-50.5 USD/kg of Mo DDP). The market has rebounded, and against the backdrop of steady increases in molybdenum raw material prices, some traders believe that alloy prices will continue to rise, and have decided to replenish inventory in June, which has caused some excitement.
The quotation range for ferrovanadium (75-80% V) is 26.2-26.6 USD/kg V DDP (last weekend it was 25.6-26.5 USD/kg V DDP).

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