[Ferro-Alloys.com] At present, the Chinese government levies a tax of around 8% on molybdenum ore miners based on their sales volumes, market participants said.

European ferro-molybdenum prices bounced up again on Friday May 23, as market participants reported an end to profit taking.

Ferro-molybdenum prices were down in Europe on Friday amid confusion over the direction they will take next.

Ferro-molybdenum prices broke through recent highs in Europe as market participants began to report a resurgence in the rally.

North America?s Thompson Creek raised Mo concentrate production to 3,583 t of in Q1, up 9.7% quarter-on-quarter,in view of higher productivity of Thompson Creek mine. Sales of the material decreased to 3,901 t (down 6.5%).

This week, prices have kept growing in the FeMo segment, although demand has not changed, according to traders? reports. Mo product suppliers do not sell to trading companies right now. Traders? inventories are depleted, so producers insist on substantial bonu...

Prices have been trending up in the European market for Mo products this week. Those for Mo oxide (57% Mo) have added $1/lb Mo w-o-w.

[Ferro-Alloys.com] Chinese FeMo price rose slightly. However, steel mills didn’t launch intensive tenders, and business was concentrated on scattered purchase, with FeMo60 transacting at RMB93,000-94,000/mt (USD15,245-15,409/mt, export duty excluded) by accep...