November 2011 | Steel Raw Materials
Molybdenum prices lose ground again: Ferro-alloy Highlights
US molybdenum prices continued their steady descent in late October, but EU prices trend down but then recover.
Molybdenum prices continued their steady descent in late October, with prices deteriorating in all major markets as negative sentiment regarding demand kept buyers out of the market except to cover their immediate needs. When buyers did enter the market for their short-term purchases, sellers competed aggressively for the business, driving prices lower. News that Freeport McMoRan intends to start its...
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