Slow business means lower prices for Mo, W, and V

Lack of business is pushing prices for noble metals southward. The question is whether prices will revive when buying picks up. APT is readily available at $280 per mtu.  Traders said their attempts to sell small parcels of FeMo at $13.20 per lb were stymied. Producers and converters have plenty of FeMo to sell at under $13 per lb. In Europe, FeMo prices are on either side of $29 per kg. Posco is believed to have bought oxide at under $12.40 per lb.  US FeV prices are on either side of $39 per lb, while in Europe FeV prices are on either side of $39 per kg.

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Alice AgoosRenato Tichauer Recent comment authors

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Renato Tichauer
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Renato Tichauer

Hi Alice, check the FeV price in Europe…$80.50/kg V is realistic…..maybe $80.50-$81, duty paid.

Renato Tichauer
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Renato Tichauer

Hi Alice, check FeV price in Europe…..$80.50 or $81/kg/V duty paid in warehouse is realistic.