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Global insight

India: Noble Alloy Prices

This week, molybdenum oxide (60% Mo) has been available in India at about $13.35/lb Mo CIF. Ferrovanadium (80% V) is priced at some $26.75/kg V CIF. The material is at the stocks in Rotterdam.

Monday, September 1, 2014

China: Higher FeMo Inputs to Cause Prices up

Quotations have risen in the Chinese FeMo market, because of the growth of Mo oxide, the main raw material for the alloy production.

Monday, September 1, 2014

USA: Trading to Speed up in Noble Alloy Market

Quotations of ferromolybdenum (60-70% Mo) have risen as deals are mostly closed for small batches. The market is generally quiet, inquiries being rare. The material is sold at $15.75-16.2/lbMo DDP (up 1.4% w-o-w) or $17/lb Mo DDP for prompt delivery. Molybdenu...

Monday, September 1, 2014

Europe: Trading Slow in Noble Alloy Market

This week, demand has firmed in the European market for 70% Ti ferrotitanium market. Clients have requested a total of 500t, which is why trading is expected to speed up in early September. The alloy is now offered at $6.15-6.3/kg Ti FCA Rotterdam duty paid (...

Monday, September 1, 2014

South Korea FeMn Alloy Market Price Kept Unchanged

Buyers have been slow to close contracts in the South Korean export market for manganese alloys in late August. High-carbon ferromanganese (75% Mn) is stillavailable at $1,000-1,050/t F0B and the material (73% Mn) - at $1,000/t F0B.

Monday, September 1, 2014

Europe: FeMo Market Awaits Price Iincrease

This week, trading has remained week in the European market for molybdenum products, the number of inquiries for ferromolybdenum shipments growing. FeMo (60-70% Mo) are voiced at $31.9-32.3/kg Mo FCA Rotterdam ($31.9-32.5/kg Mo FCA Rotterdam last week).

Monday, September 1, 2014

Glencore’s Dominican mine in limbo after national park plan approved

Glencore’s ferro-nickel Falcondo mine’s fate in the Dominican Republic is more uncertain than ever as the country’s legislators approved this week a ruling that declares the region surrounding the mine a national park.

Monday, September 1, 2014

Kun-Manie Mining Reserve Increased by 25%

Among Largest 20 Nickel Sulphide Projects In World. Amur Minerals Corporation (“Amur” or the “Company”), the nickel copper exploration and development company focused on base metal projects located in the far east of Russia, is pleased to announce its upda...

Monday, September 1, 2014