[Ferro-Alloys.com]In the molybdenum business, the steel industry is our largest customer. More than 70% of molybdenum’s first use is in steel.

[Ferro-Alloys.com] Ferro-Alloys.com stated that nearly 63% of molybdenum supply is derived as a by-product mostly from copper miners while the remainder of molybdenum is sourced from primary producers, mostly in China.

[Ferro-Alloys.com] On January31th, the Platts daily dealer ferromolybdenum assessment moved to $29.8-30.1/lb from $29.9-$30.1/lb. The daily European molybdenum oxide assessment was at $11.8-11.9/kg.

[Ferro-Alloys.com]Molybdenum prices started the week Monday on a lower note as offers fell below $12/lb as buyers remained absent.

China exported 178.903 tons Ferromolybdenum in December 2017,up 10%

Ferro-Alloys.com]Molybdenum prices edged down Wednesday, with sources in Asia and Europe reporting a lack of interest in oxide powder.

[Ferro-Alloys.com]Molybdenum prices edged down Wednesday, with sources in Asia and Europe reporting a lack of interest in oxide powder.

[Ferro-Alloys.com]The price of molybdenum oxide continued to rise last week, edging up 10 cents at the low end of its range as offers and bids consolidated above $11/lb.