[Ferro-Alloys.com]Mexican domestic steel producers have raised their prices for hot- and cold-rolled sheet by around 3% for February deals, according to market sources.

[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]The net profit attributable to equity holders for 2017 will increase by an amount between Rmb1.7 billion and Rmb1.9 billion, representing an increase between 170.33% and 190.37% as compared with 2016.

[Ferro-Alloys.com]Hong Kong-listed China Molybdenum expects group net profit for 2017 to increase by as much as 1.70 billion yuan ($268.8 million) to 1.90 billion yuan, nearly tripling its net profit year-on-year.

[Ferro-Alloys.com]The miner issued a market update Friday citing a 60% price increase in molybdenum since its 2016 price of US$6.70, recently topping US$11.00 per pound -- a level not seen in four years.

[Ferro-Alloys.com]A Lakewood molybdenum company said rising prices for oil and gas are also driving up the price of molybdenum.

[Ferro-Alloys.com]News reported that according to statistics, the zinc chain exports reached 149,000 tonnes in weight valued at USD 302.3 million, which shows a 5% increase in weight and 65% increase in value compared to the same period of 21 March to 21 Decem...

[Ferro-Alloys.com]Water seeping through the copper ore wall of Montana Resources Continental Pit forms a copper sulfate pattern on the rock. The price of copper and molybdenum has improved and is expected to continue to be on the rise for 2019 and 2020. The pr...