Tungsten gains slowed

Molybdenum prices up slightly

Vanadium prices rise sharply

Higher raw materials price and bidding price, tight spot and strong futures market, the ferrosilicon spot market remain strong this week.

The 2105 ferrosilicon contract price on ZCE closed at 7200 yuan per ton on December 25.

World steel consumption is likely to decline by 2.2pc in 2020, the OCE said.

U.S. imported a total of 1,370,000 net tons (NT) of steel in November 2020.

China's steel industry is expected to keep growing in 2021.