China's FeMo price up on tightening concentrates supply

China’s ferro-molybdenum price has strengthened with Mysteel’s 60% ferro-molybdenum climbing by Yuan 1,000/tonne ($152/t) from June 29 to Yuan 106,500/t including 16% VAT as of July 12, as domestic moly concentrate supply has been tight, market sources shared on July 12.“A concentrating and processing line at Yichun Luming Mining has