The European molybdenum markets fell this week after suppliers cut their offer prices amid resistance from consumers and muted buyer appetite in the region.
Both the alloy and oxide markets fell this week from their multi-month highs reached a week ago, with an abundance of ferro-molybdenum in the spot market pulling prices down, market sources said. Fastmarkets assessed the price of European ferro-molybdenum, basis 65% min, in-warehouse...