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.
