Steel Mills Pay Up! Is a Global Molybdenum Reshuffle Coming?【SMM Molybdenum Weekly Review】

By MMPI News Desk On Nov 7, 2026 48 0

Global molybdenum oxide prices extended their strong rally this week, with prices in Busan, Tianjin, Rotterdam and China’s FOB market all moving higher. Restocking at lower levels, annual contract negotiations, tight European ferromolybdenum supply and limited mine sales in China supported feedstock prices, while Chinese steel mills also began raising ferromolybdenum tender awards……

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