China raised exports of noble alloys in July. Shipments of ferrovanadium rose by 21% to 628 t. Sales to Europe totalled 260 t (up more than 2 times), those to Japan ? 130 t (up 30%), and to South Korea ? 96 t (large unchanged).

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.

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

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...

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 (...

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.

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).

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.