China Mining News

15th September: 510 t of molybdenum concentrate (50% min grade) was sold at RMB 2,915~2,940/mtu by a Henan miner via offer bid channels, marking a new high for the last 13 years.

At present, production costs of FeMo have climbed to RMB 190,000/t and  FeMo prices are expected to rise further boosted by strong concentrate prices and increasing new orders from steel mills.

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