Soaring FeMo prices push out smaller traders due to squeezed credit lines

The doubling of ferro-molybdenum prices over the past 10 weeks has pushed some small traders out of the market because of difficulties in securing enough credit to trade normally, sources told Fastmarkets.

European ferro-molybdenum prices have been rising since December 2022, with improving demand there and in Asia limiting supplies to Europe amid  growing concerns about concentrate supplies from Peru.


Sofia Okun

February 07, 2023

15:21 GMT